Average VC Round In 2007 - $7 Million…
March 30th, 2008Part 4 from my first “CEOs Dinner…”
There was an angel investor at this dinner who seemed to be FULL of yummy stats, every now and then he would shout some out. Here was one of my favorites…
Last year, in 2007, the average Venture Capital investment into a company was $7 Million…
So, you can tell, if you’re thinking about starting an internet company and think that it’s a GOOD thing that you only need a few hundred thousand dollars…think again.
Many times, VCs (venture capitalists) don’t even want to get involved unless they can put in a few million (it’s not big enough fish for them otherwise). In a case like that, you likely want an ANGEL investor - but there are down sides there too.
I’ll talk more about the difference between an angel investor and a venture capitalist soon…
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