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Why is "who funded us" such a prominent theme these days with funding announcements from companies? Especially in this announcement? Back in the day, investme
by blantonl 14y ago
Why is "who funded us" such a prominent theme these days with funding announcements from companies? Especially in this announcement? Back in the day, investment banks put up tombstones in the WSJ (for the big deals) and a minor blip went out on the news wires that funding was obtained by such-and-such company. Now it is "Hey! Look at us! We got funding! And one of the players was Andreessen!!!" .. or xyzxyz!
I realize Andreessen Horowitz is a prominent VC player, but I'm sure he's had his share of failures judging by the sheer number of investments he seems to play in. Those like him with a lot of capital are now engaging in "spray and pray" mentality. A few home runs might have made him insanely wealthy, but I question why all the sudden his name on your startup is so important.
And don't forget the old adage: Past performance is no guarantee of future results.