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This could have been beginning of a hockey stick growth too. You'd think this is where a VC would be willing to accept some risk.
by loceng 13y ago
This could have been beginning of a hockey stick growth too. You'd think this is where a VC would be willing to accept some risk.
- jmathai 13y agoIf you read through the VC correspondence the hang up was that the space simply isn't big enough (>$100M). According to the VCs the hockey stick would have hit a ceiling too low for them to invest.
- pbiggar 13y agoSeries A investors make very few investments that are time consuming and capital consuming. Often, a specific partner will make just 1 investment per year, and stick with that company for 7+ years. They'll also allocate ~$15m in capital to it (the $5m for the Everpix raise, plus another $10m for follow-on investments in future rounds). So they're not willing to take risks like this, it doesn't make sense with the model.