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> Imagine giving 100 teams 5M each instead. In 2014 I took $250k as an investment and turned it into ~100x that (in cash) in 2017 with a SaaS product. At the
by leesalminen 7y ago
> Imagine giving 100 teams 5M each instead.
In 2014 I took $250k as an investment and turned it into ~100x that (in cash) in 2017 with a SaaS product.
At the time, VCs said it was “too risky” and so we turned to people in our industry for the investment cash. VCs are funny.
- deleted 7y ago[deleted]
- techslave 7y agojust because you succeeded doesn’t mean it wasn’t risky.
- grepthisab 7y agoRespectfully it may have been above their risk tolerance, and of course you being successful with it doesn't make it a prudent investment. That's the "I won the lottery so everyone should have played the lottery" thing.
- skellera 7y agoAs the other person said, doesn’t mean it wasn’t risky. But also, people in your industry may have been in a better place to assess that risk.