3 ms·
That's not unusual for something large and complex. Even video games have multi-year development cycles and double-digit-millions budgets. $6m in 3 years isn'
by downer 19y ago
That's not unusual for something large and complex. Even video games have multi-year development cycles and double-digit-millions budgets.
$6m in 3 years isn't high at all. Lots of little pre-revenue start-ups have sold for more with many fewer assets than it sounds like this company has. Google's first big round was $25m IIRC, and that was pre-keyword advertising; and by today's standards that's a tiny amount. Good thing its investors didn't panic and pull the plug.
- dcurtis 19y agoBut, for a classifieds service?
- tptacek 19y agoDid you just say a $25MM A-round is a tiny amount by today's standards?
- downer 19y agoI meant $25m as a dollar figure is a tiny amount when compared to today's acquisition prices (which may follow Angel-only investing) and considering how big a chunk of Google they got for it. Perhaps that's hindsight, but even at the time it seemed a pittance considering any expected IPO especially in those dot-com days.
- tptacek 19y agoI don't know what that paragraph you wrote means, but $25MM is, in 2007, a very large A-round.