So - one of my client companies has just closed
another round of financing. Strangely enough, it
didn't need the money, but thought it might as well get the
money in whilst it was on offer. Don't know about the terms
Seems strange how so many companies with fairly weak
ideas can attract investment. From what I've seen, the
investors are betting on the people rather than the
technology - and they also like people who have failed at
least once already. Something about experience of
failure. I just wonder what's the optimal amount of
failures? 2? 3? Maybe an interesting dot-com idea is one
where you get a limited amount of funding, spend it all,
and all of the founders are now more experienced and
can move up the "investment" ladder.
I should franchise that...