It's all based upon the exit. The VCs get diluted along the way and 1 million is the first step down the road. You'll probably raise way more. I believe the

It's all based upon the exit. The VCs get diluted along the way and 1 million is the first step down the road. You'll probably raise way more. I believe the average dollars amount raised for tech companies going public this year was 65-70 mil. It's the general rule of thumb to gauge a market. Millennial Media had about 100 mil in rev and went public a few weeks ago at a 2 bil market cap (yes, the multiple was ridic, but let's leave that factor out).