untethered
For industry & decency
kyser_soze said:Indirectly (I wrote the BP) the most I've extracted from a VC was not south of £25mn for 2nd round, with a 35% share of the company, but with the VCs holding preferment shares that they could cash out ahead of everyone else. 3rd return (which I wasn't on but wrote the Big Idea marketing strategy for) got another £30mn with no additional share purchases (cash flow rich company, needed the funds to expand to meet demand).
Impressive.
However, with Microsoft having recently paid $240 million for 1.6% of Facebook still not really in the same league.
kyser_soze said:No one is claiming it'd be easy - far from it, any new business, even if you're inventing a marketplace, is f- hard work.
I think some here are claiming it's easy.
My point being that the point of greatest opportunity is the one between "inventing a marketplace" and battling the behemoths.



