2011 Development Team Review Funding Product 
Both Sides of the Table
MARCH 30, 2011
The part of the movement that resonates the most with me (in my words) is that entrepreneurs should keep their capital expenditures really low while they’re experimenting with their product and determining whether there is a large market for what they do. Over funding often produces bad behavior in early-stage companies.
socalTECH
FEBRUARY 13, 2012
They get to meet the team, we do some due diligence, and have them talk to functional experts. I jumped in at the end of 2010, just as the majority of investments happened--I think $50M to $52M came in 2011. Once they pass that, they get into the incubator. That led to the expansion to the second location.
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