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funding over a billion dollars is not remotely intimidating to the large VC funds I think the idea is that some of the companies in the $1 billion fund will su
by epoxyhockey 13y ago
funding over a billion dollars is not remotely intimidating to the large VC funds
I think the idea is that some of the companies in the $1 billion fund will succeed and others will fail. But, funding a single company/public works project to the tune of $1 billion would give some pause.
- richardjordan 13y agoNot really. Funding comes in stages. No VC with a billion dollars in their pocket is making one bet. But for folks with a lot of money to put in this is not unusual for lifecycle. Look at the actual amounts raised through multiple rounds by - not just the initial seed investment the time they IPOd by any big tech name of the last decade or two: Google, Cisco, Facebook... hell look how much Groupon burned through. The idea that you cannot raise a billion dollars if you can deliver a return on it greater than capital markets would otherwise provide is nonsense.