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Yeah, unless they're your friends or rich uncle, these investors don't exist. When the OP raised money, it sounds like he was still planning on going the VC-fu
by jonas21 2y ago
Yeah, unless they're your friends or rich uncle, these investors don't exist.
When the OP raised money, it sounds like he was still planning on going the VC-funded route, and that's the assumption investors would have been operating under.
In the end, they were probably okay with a 2-3x ROI because they expect most of their investments not to work out, and 2-3x is better than 0x. But I doubt they would have invested if the plan all along was to aim for a 2-3x return.