No I was referring to enterprise, and when it comes down to it, pretty much all VC funded operations. The nuts and bolts of the way VC funds are structured make it necessary to pretty much have the company investment resolved in about 8 years. (Typical funds are LLCs limited to 10 year frames.) Each round should last 1.5-2 yrs. If you are at D with no product, then your A round is up a creek.
No huge change. We decided to aim at a higher quality, product with more vertical integration/custom engineering which is somewhat more expensive from a development cost perspective but less from a unit cost perspective. When you can raise money from amazing investors like this, take a little extra. We were oversubscribed.
No I was referring to enterprise, and when it comes down to it, pretty much all VC funded operations. The nuts and bolts of the way VC funds are structured make it necessary to pretty much have the company investment resolved in about 8 years. (Typical funds are LLCs limited to 10 year frames.) Each round should last 1.5-2 yrs. If you are at D with no product, then your A round is up a creek.