Startup Fairy Tales and Other Tall Tales That Venture Capitalists Tell
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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