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She is qualified to spend the money to ensure her company dominates the market. There are 20 million college students in the US; if she helps 1 million of them
by gargarplex 11y ago
She is qualified to spend the money to ensure her company dominates the market. There are 20 million college students in the US; if she helps 1 million of them get jobs, then she could position herself to receive at least 10% of their income. 1 million * $10 / hr * 10% = $1 million / working hr.
- tiffanyricks 11y agoI understand the world dominion thing and that's every ones goto answer. I am sure it was Secret's answer too but you see how that turned out. Launched in 2013, raised $35M, and closing doors in 2015. I think Campus Job has an awesome business model and definitely qualified. My thought was too much cash... way too soon... for this type of business.
- gxespino 11y ago1. You raise not for what you need today but what you need for tomorrow. They still have a lot to figure out and the money gives them the runway to do that. If things go wrong, they'll have the war chest to survive until the next round of funding. 2. Raising more than you need allows the founders to get back to work and stay out of fundraising mode longer. The last thing you want to do is finish fundraising and find yourself needing to fundraise again 6-10 months down the road.