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Are there any concrete examples of these larger scale VC:s and the companies they've funded? The small-fry tech startup is the most familiar story.
by fsloth 8y ago
Are there any concrete examples of these larger scale VC:s and the companies they've funded? The small-fry tech startup is the most familiar story.
- blihp 8y agoPretty much every large tech company you've ever heard of was VC backed originally. Facebook is a recent example with a couple of the VCs putting in 500 million in a later round (see http://fortune.com/2011/01/11/timeline-where-facebook-got-its-funding/ http://fortune.com/2011/01/11/timeline-where-facebook-got-it...) Also see more recent examples with fairly capital intensive companies like Uber and Lyft. The odds of getting tens of millions of dollars in the very first round is unlikely. But that's also an unreasonable ask by unproven founders: you'd need to show that you have some clue what you're doing with smaller amounts in the earlier rounds... Apple got <$1m from their first investor.