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> We're a nonsensical investment for a standard VC, sure. Maybe there's a venture investment philosophy for non-unicorns. [0] [0] https://sparktoro.com/blog/r
by C7H8N4O2 8y ago
> We're a nonsensical investment
for a standard VC, sure. Maybe there's a venture investment philosophy for non-unicorns. [0]
[0] https://sparktoro.com/blog/raised-a-very-unusual-round-of-funding-were-open-sourcing-our-docs/ https://sparktoro.com/blog/raised-a-very-unusual-round-of-fu...
- tptacek 8y agoThis doesn't really offer that; it documents a seed round raised by angels by a company that doesn't want to engage institutional VC because they demand a 10x success. VCs aren't demanding 10x successes because they're lazy; they do it because the winners have to pay for the losers. This isn't even a VC-specific pattern; you see it in almost every hits-driven business.