3 ms·
That’s crazy money for a vaporware seed round, isn’t it?
by LudwigNagasena 4y ago
That’s crazy money for a vaporware seed round, isn’t it?
- xtracto 4y agoMost of VCs funding seed rounds do it mainly for the Team. As long as the team has OK credentials and the idea is not a hard stop (illegal or shady stuff) most will likely provide money. Given the John Carmack name... I can see why ANYONE would love to throw money to a new entrepreneurship idea.
- version_five 4y ago> Most of VCs funding seed rounds do it mainly for the Team. I know this to be true and it makes a lot of sense for the average VC backed startup with some founders that are not famous but have a record of excellence in career/academy/open source or whatever. I'd be curious to see how it translates to superstar or famous founders, that have already had a success in the 99.99th percentile (or whatever the bar is to be a serious outlier). I doubt it does, but I have no data one way or the other.
- staticassertion 4y agoNot really.
- agar 4y agoKey early stage valuation drivers include quality of the founder/team, history of success, and market opportunity (especially if a fundamentally disruptive technology). All three of these are off the charts.
- TigeriusKirk 4y ago$20 million for a legit (if small) chance at the most powerful technology in the history of mankind seems like a reasonable investment.