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Wouldn't it make more sense for the VCs to make 375 bets of $1M each rather than 1 bet of $375M? Just the other day we heard about the troubles of 23andMe that
by alister 7y ago
Wouldn't it make more sense for the VCs to make 375 bets of $1M each rather than 1 bet of $375M?
Just the other day we heard about the troubles of 23andMe that had $786M in venture funding. Are there any examples of startups that got >$300M in early funding that went on to become a huge success?
- dmurray 7y agoThere aren't enough companies for the $1m bets. The Softbank Vision fund was closer to making 375 bets of $375m each.