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> The company raised ample venture capital -- $786 million, according to Crunchbase If I might go on a tangent, isn't that an insane amount of money for the VC
by alister 7y ago
> The company raised ample venture capital -- $786 million, according to Crunchbase
If I might go on a tangent, isn't that an insane amount of money for the VCs to hand out? Apple with a $1 trillion market capitalization (the most valuable company on Earth until Saudi Aramco beat the record a month ago) began with $1M in inflation-adjusted venture funding in 1977.
Is there any way that $786M makes sense or is there just too much VC money sloshing around?
- busymom0 7y agoCould it be that there are a lot more VCs, especially in tech field now a days than in 1977?