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I'm certain that if you can build a product that generates a huge buzz and gets millions of people to sign up that you will have absolutely no trouble raising t
by harryh 12y ago
I'm certain that if you can build a product that generates a huge buzz and gets millions of people to sign up that you will have absolutely no trouble raising that kind of money.
So go for it!
- ryandrake 12y agoAhh, but we're not talking about building the whole product and generating buzz, etc. We're talking about the stated purpose for raising $25M: "The funding will be used to implement two new features, a Facebook login and the ability to follow posts on a certain topic". $25M. For TWO features. Hell, ignore my previous offer. I'd have given them a 92% discount and done that for a cool $2MM.
- kovvy 12y agoPace yourself. Be a little less eager to drop your price when you bargain. Try $24.5M first, then $24M. It's still a discount compared to the competitors. You're already asking for a price so low you might end up barely scraping $100,000 an hour.
- harryh 12y agoThat's not the actual purpose for the money. The purpose of the money was to grow the company. For a business < 1 year old it's impossible to predict what they'll need, so they just fill in the blank with some random sentence that no one cares about.