VC Confessions: We Passed On Twilio’s Seed Round
InfoChachkie
NOVEMBER 23, 2015
This latest round valued the company in excess of a billion dollars, entering them into the overly-hyped Unicorn Club. In contrast, low-volume, high-conviction investors like Rincon only invests in a handful new companies each year, making it much more costly (in dollars and effort expended) to invest in a loser.
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