Startup success sin’t measured purely in terms of funds invested. The Punt or the exit isn’t the measure of success, Profits are.
60 million? Back in the day, and I’m talking some 17-20 years ago, that was a lot of money, and all I could think of is the fee based income that would follow suit. Would it? How? Well 1.5% as a Syndication Fee was a tidy bit of pocket money.
Having seen failure myself, and having seen others around me fail, its given me a deep perspective on what not to do, how not to do it, and when not to do it.