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But it was OPM. That's the bargain of venture capital, they take a giant portion of your company, but it's their money on the line, not yours. Just getting meet
by listenallyall 6y ago
But it was OPM. That's the bargain of venture capital, they take a giant portion of your company, but it's their money on the line, not yours. Just getting meetings, and then funding in the billions, is a massive win. And really it was only at the end that valuation did not exceed funding... And yet, even when that was clear and obvious, the investors STILL wrote a $500 million check (or was it a $billion, I forget the details) to make him step aside. If that isn't success, what is?