Raising Half A Billion In A Down Market
from the it's-possible dept
Everyone's been saying that it's impossible to raise venture capital any more. And, yet, venture capitalists still have more money than ever before. So what happens then? When those VCs find a company they like, they might be able to raise $435 million in one shot. That's what Sigma Networks has done. That seems like quite a bit of money to bet on a brand new company. At the very least, you would think that VCs would tier it so that they would get some amount of money to meet certain milestones before the rest would kick in.
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