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Once you've raised significant VC funding they expect you to target $1B+. You basically can't slow down once you've stepped on that treadmill.
by bsdpython 12y ago
Once you've raised significant VC funding they expect you to target $1B+. You basically can't slow down once you've stepped on that treadmill.
- keypusher 12y agoSeems like a recipe for disaster. Have there been any companies that actually accelerated this fast and made it work? > The board [...] approved a plan to increase Fab's burn rate to generate $200 million by the end of the year. The plan would drain Fab of its remaining capital by August, but as long as Goldberg was able to raise $300 million more by then, the company would be fine.
- eonw 12y agoreads to me like they took a gamble and failed miserably.
- bsdpython 12y agoAmazon in the late 90s maybe...that's why I said elsewhere that the whole thing just stinks of something that came out of that era.
- gotrecruit 12y ago> Have there been any companies that actually accelerated this fast and made it work? depends on your definition of "work". i'd say the most recent example I can think of is groupon, and they were quite successful up until a certain point. even at this point today, the founders and early investors cashed out big time before the bubble burst.