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Most likely credibility, publicity, connections and mentorship that major VCs provide.
by andrestan 8y ago
Most likely credibility, publicity, connections and mentorship that major VCs provide.
- dopamean 8y agoWhat kind of mentorship would the management of a company that is doing $4B/year in sales need? I don't mean that sarcastically. I would have thought, "clearly these people figured it out."
- justicezyx 8y agoI randomly speculated that this might help them evade some of the financial control inposed by the government?
- wmf 8y agoIt's funny you should say that. Bitmain has dealt very poorly with western miners and developers and repeatedly blamed those "misunderstandings" on "cultural gaps". In the short term they don't need to solve this problem, but one day I expect the pitchforks to catch up with them.
- andrestan 8y agoA great example of an executive who has led the rapid development of a business but drastically needed more mentorship would be Travis Kalanik formerly of Uber. Running a large and successful company well is much, much more than just generating revenue and valuation.
- johnmorrow 8y agoDidn't Sequoia invest in them too? You might be right but this is not the best example lol
- joering2 8y agoSecond that. Outside of HN an average person, or probably north of 95% Uber riders, neither heard nor care/cared about internal problems at Uber. None of those problems really reflected on qualty of services they provide to the final consumer.
- andrestan 8y agoThat's untrue. Uber lost huge amounts of market share due to the scandals in 2017.
- gkanai 8y agoSequoia (US) and Sequoia China are separate funds. They share the same brand and work together on some areas, but the funds are separate and the LPs are not the same (some LPs may invest in both funds but not necessarily.)
- baybal2 8y ago>Running a large and successful company Loosing money buy truckloads every day === success?
- rajacombinator 8y agoHow did that mentorship work out...
- paulie_a 8y agoBeing evil. This is the group that invested in LinkedIn, PayPal and now recently Facebook after the scandals. If they went out of business, all I would say is, lol
- tome 8y agoSomething to get them to $40B/year?
- pcr0 8y agoGiven 1) China's recent push for domestic hardware after the ZTE wake up call 2) Impending slow down in crypto mining hardware sales, the VC's connections will be invaluable for diversifying into other hardware products.