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That single $542mm investment in Florida almost exactly doubles all VC investments made in the state year-to-date. [1] Here's how I would read this if you're n
by boynamedsue 12y ago
That single $542mm investment in Florida almost exactly doubles all VC investments made in the state year-to-date. [1]
Here's how I would read this if you're not located in a major tech hub where VCs readily fund companies and have offices:
1. Attracting a $500mm investment from Google or any other institutional investor is an outlier case regardless of where you're located.
2. You need to have groundbreaking, path forging technology and an amazing team to get on the radar when you're far outside of a major tech hub.
[1] http://blogs.wsj.com/venturecapital/2014/10/17/interactive-map-where-the-venture-capital-dollars-are-going/ http://blogs.wsj.com/venturecapital/2014/10/17/interactive-m...
- dkrich 12y agoI think #2 is the salient point there and displaces #1. Creating a "groudbreaking, path forging technology and an amazing team" is the outlier, not raising a half a billion in funding. If you can achieve the former, then your odds of the latter go up by many orders of magnitude.
- coldcode 12y agoAll I remember is that Webvan attracted ridiculous investment as well and look how well that turned out. Google can waste billions on utter speculation and never notice the blip. If you can attract such enormous funds why not, the worst that happens is you fail.