Dunno. I think the lesson is to try, on occasion, to get in on second round financing. I never had the resources to do such, but I got lucky and got an op when funding was nonexistent, a couple of years ago.
They would take *anyone* during those days.
<g>
It's not instant gratification like an IPO, but.... pick and choose correctly, and the payoff is better.
I went to the InterMune presentation on Monday. They had just closed a very big second round, and people were shoving business cards at the CEO (Scott Harkonen, excellent presentation.... be sure to look at the story..... sort of a "Genzyme" model) after the presentation, begging for a piece of the next round.
I was tempted to see if I could get $5 a head for volunteering to take names.
Hot market, fast market, don't get in the way of the wrong company |
