A VC’s take on the Season 5 premier of Sharktank
Lightspeed Venture Partners
SEPTEMBER 21, 2013
With his back to the wall and about to run out of money, his first priority should have been runway extension, not dilution from new capital. pre money valuation seems big, the actual implication is only between 5% and 10% dilution since the round size is small. Sales skyrocketed and the company was bought by Cisco for $590M in 2009.
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