and has 900 employees in Detroit," Case said. "When we invested it was around an $11 million valuation, and they had half a dozen employees."The second fund will follow the same land-and-expand strategy as the first, with another $150 million in funding and more bus tours and pitch competitions .
The first Rise fund is averaging 40 investments per year, which means that Revolution takes a smaller stake in each startup . That stake is augmented by partnering with regional venture funds who handle board responsibilities and more of the advisory functions. "There is an opportunity for very compelling returns because of that kind of valuation arbitrage," he said. "The challenge is to figure out a smart way to cover a lot of territory, because the country is large. That's why we built out this network of 200 co-investors."
"We are so well-networked in a lot of cities, we know about the startup often before it's raising its hand," he said. According to Case, the most important thing for entrepreneurs is that they look for funders who bring more than just money to the table.
you post it but I can't read the article - why bother?
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:
ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว
Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้
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