Don’t get hung up on early stage valuation.
Berkonomics
JANUARY 28, 2021
The first is of a 2004 startup that I cofounded and led the investment group for several early rounds, then VC rounds. The company had grown to forty employees and a healthy eight figure gross revenue run rate but has absorbed over $36 million of angel and VC money to do so, and without yet reaching breakeven. Lessons founders learned.
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