4 ms·
I think they are changing the definition of failure.
by nathan_f77 8y ago
I think they are changing the definition of failure.
- webmaven 8y agoThis shouldn't be downvoted. Changing the definition of failure is definitely what they're doing. For a VC, anything that doesn't result in a liquidity event is a failure (in fact they might shut down an otherwise profitable company to sell off the IP and other assets for a pittance just to get it off their books). TinySeed seems perfectly comfortable with no liquidity event ever happening, and just taking a cut of the profits.