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interesting...and if you have this type of revenue who do you approach
by deisteve 2y ago
interesting...and if you have this type of revenue who do you approach
- chrisabrams 2y agoIf you have this kind of revenue, you don't approach anyone, they approach you.
- ericjmorey 2y agoThe linked post said they got funding from Andreessen Horowitz, Thrive Capital, OpenAI, Jeff Dean, Noam Brown, and the founders of Stripe, Github, Ramp, Perplexity, and OpenAI But there are many others like Accel and Caffeinated Capital
- flashgordon 2y agoSo the funding is usually for a "future" revenue. Ie to hit this goal. Imo if they had this revenue they'd be aiming for 10x that with a much higher valuation. VC funding is all about a growth story. If you can keep selling vision you never have to worry about revenues or hitting them. There's even a name for such schemes!
- deisteve 2y agowhat happens to the founders if they dont hit it
- flashgordon 2y agoThey either run out funding (so be forced to do layoffs, liquidations etc) or they have to find someone who can bail them out at unfavorable terms (read dilutions) or be really really good at story telling.