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Day one revenue is a useful data point and proof that you’ve actually built something people want, but more important to us is a credible plan for how that number will grow. We don’t typically invest in a company unless we believe there is a path by which they could become a billion dollar business. However, very few of our companies have actually…
All great points—he was also the owner of the Dolphins and Marlins for quite some time. Quite a talent! Good question about funding. There is a wide world of entrepreneurs beyond tech that we could probably stand to look at.
You are totally correct! Which is why we wrote:
“It’s also important to say that a VC-scale outcome shouldn’t be the goal or even the primary metric of success in crowdfunding.”
The focus of the story is primarily projects that used a hybrid crowdfunding/VC model. We’re beyond thrilled for…
You are correct, but that information is relatively difficult to collect without spending a huge amount of time analyzing SEC filings. But even without doing that amount of diligence there’s not much reason to suspect the numbers would change.
Well said. You are exactly right. The point is that we haven’t seen anyone challenge Apple (seriously) in terms of hardware in the better part of a decade, though there are several multi-billion dollar companies that got started within their app store. Don’t relitigate the old industry dynamics, instead focus on the new opportunities that they create.
The MacBook Air had a slightly smaller form factor, like many Netbooks at the time did, but the relevant metric for that category was cost. Even when they shrunk the casing, the price point remained premium.