4 ms·
It's funny thinking about how the founders raised 250 million. It's a reminder, when you see founders of unicorns, often they arent really an "entrepreneur" tha
by ldjkfkdsjnv 2y ago
It's funny thinking about how the founders raised 250 million. It's a reminder, when you see founders of unicorns, often they arent really an "entrepreneur" that started from nothing. They just had the right resume to attract large volumes of capital.
People should view founders as more similar to hedge fund managers, who get a cut of the money they manage. Its largely the same, raise 30m because you went to Harvard, you are bound to cash out a few million, regardless of your ability to leverage that money.
- azinman2 2y agoExcept the founders were really critical to the development of the iPhone. That's a pretty great signal. You can't really compare it to having gone to Harvard.
- deleted 2y ago[deleted]
- duxup 2y agoI always wonder where some of these get their money and what the demo for the thing that doesn't work, was. If there was a demo at all. I remember stories of Theranos raising funds and a number of potential investors supposedly walked when they felt uncomfortable with not being able to see any of what was claimed ... actually happening. Good choice.
- sofixa 2y agoReminder that Juicero (which never made sense) and Theranos (which did make sense, but was physically impossible, which should have been obvious to anyone with even a passing knowledge on the matter) also raised millions.