I read Ben Horowitz' post about their investment in Instagram that made them a 312x return, turning a $250k investment into $78m [http://bhorowitz.com/2012/04/22/instagram/]. Most people would regard that as a shrewd business decision on Andreessen Horowitz' part, but I think it actually comes down
Reading through Ben's post [http://www.instigatorblog.com/startup-accelerator-making-money/2011/07/29/], from which I've extracted the above quote, I found myself nodding in agreement to most of what he said. The quote above made me stop reading though and I found myself unsure of whether I actually believed that.
AirBnB just announced a whopping new funding deal worth $112 million. [http://blogs.wsj.com/venturecapital/2011/07/25/airbnb-from-y-combinator-to-112m-funding-in-three-years/] Sheesh. What do you do with $112 million? I come from a bootstrapped background and I've never been close to seeing anything like that kind of money in my own
Can’t believe I only had the time to watch this now. So superbly inspirational!