HomeGrocer Raises $100 Million
from the the-new-rules-of-venture-investing dept
Well, apparently there are new rules when it comes to venture investing. Instead of what is a reasonable valuation for a company based on its prospects, team, market, etc. now a vital component is "how much money do you need to keep the competition from killing you?" At least that's how it looks when you see that HomeGrocer.com just raised $100 million from its original investors, so that it can survive against the insanity that is Webvan.
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