Ten million users is the new one million users
AUGUST 3, 2012
It’s becoming increasingly common for early-stage consumer startups to do bridge financings (raising more money from past investors, usually on terms similar to the prior round) instead of Series As. - Entrepreneurs and investors have been enamored with consumer internet startups for the last few years. But there are signs this is ending. Some observations: - Thousands of early-stage consumer web/mobile companies were started and funded in last 24 months.