On Bubbles … And Why We’ll Be Just Fine
Both Sides of the Table
JUNE 22, 2011
New investors hate down rounds. An obvious example is Google who may have gotten less market attention if there would have been 8 well-financed competitors during the 2001-2005 timeframe. Building billion-dollar businesses requires 7-10 years which means operating through at least one full economic cycle, if not two.
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