Business Model Cram Down Reputation Revenue 
Steve Blank
APRIL 26, 2022
Cram downs are back – and I’m keeping a list. Most existing investors (those still in business) hoarded their money and stopped doing follow-on rounds until the rubble had cleared. Most existing investors (those still in business) hoarded their money and stopped doing follow-on rounds until the rubble had cleared.
Growthink Blog
MAY 23, 2011
The angel then introduces the entrepreneur to his or her wealthy friends and business connections who, based on the good reputation of the referring angel, also invest. With this capital, the company propels itself to $50 million+ in revenues, and to either a sale to a strategic acquirer or to an initial public offering.
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