Remove Liquidation Preference Remove Partner Remove Product Remove Product Development
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What Founders Need to Know: You Were Funded for a Liquidity Event – Start Looking

Steve Blank

But startups require money upfront for product development and later to scale. VC’s raise money from their investors (limited partners like pension funds) and then spread their risk by investing in a number of startups (called a portfolio). But there’s only one reason your company got funded. ——-. The Good News.