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They aren't getting the $900M up-front. > Taneja proposed that investors commit a sum to be paid over time, with tranches released only if Pacific Fusion reach
by vlovich123 2y ago
They aren't getting the $900M up-front.
> Taneja proposed that investors commit a sum to be paid over time, with tranches released only if Pacific Fusion reaches certain milestones. “The team was a little skeptical at first,” he says of the Pacific Fusion people. “But it became clear that that structure resonated, because everybody takes early-stage risk in these really capital-intense, long-duration moonshots.”