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To be clear, this fund is explicitly NOT for startups. According to this Washington Post article, they're targeting firms with $100M in revenue to try and boost
by fourspace 15y ago
To be clear, this fund is explicitly NOT for startups. According to this Washington Post article, they're targeting firms with $100M in revenue to try and boost them to billion dollar companies.
http://www.washingtonpost.com/business/economy/leonsis-case-found-450-million-fund-to-aid-washington-area-start-up-firms/2011/11/30/gIQAtb1fEO_story.html http://www.washingtonpost.com/business/economy/leonsis-case-...
- waxymonkeyfrog 15y agoRight, it's not just for seed capital, it's for ramping up. Like Case said, most job creation doesn't come from a couple founders in a small office or a 50,000 person multinational company. It comes from getting out of the small office.