@nunzi46 Right - I’d expect that the figure would be way over 50%. A “unicorn” that never received an SBIR or STTR; no pass-through participant support from a university or access to federally funded resources; no state grants or tax credits for job creation and expansion? Unicorn indeed!
Nearly 1 in 4 venture-backed US unicorns eclipsed the $1 billion valuation mark with the help of government funding or support, Commonweal Ventures found in a new study exclusively shared with PitchBook. The study accounted for municipal, state and federal government help.
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If you need anything that disproves efficient market theory, it’s this. Not a Yankees fan but good on ya, MIT bat guy. Here’s to materials science applied to organic materials!
I have seen a lot of things as a hockey fan but this is the first time I’ve seen a goalie get a 5 minute major and ejected with a misconduct for kicking an opposing player when he was head down on the ice. Are rules different in Canada @Varsity_Blues ?
Refs needing a full sheet of paper to list all the penalties against @Varsity_Blues hockey playing @CornellMHockey … never seen someone so eager to get tossed that they go after a goalie. Reading week starting early for 13 King
Over its 10-year history, @revIthaca has incubated more than 117 businesses and its member companies have created 849 new jobs, raised $205 million in capital and generated over $123 million in revenue.
https://t.co/iEH9KTkOt2
If you think you invest in Hardtech, Google "Top Hardtech Investors" and if just your first name and a picture of yourself doesn't come up like @nunzi46 you might need to level up.
@nunzi46@RadiantNuclear I can’t overstate how unbelievably insane that is, when putting a small addition on a house is invariably going to wind up late and over budget.
Everyone dunking on this because they think it means “show me a 5 year pro forma” when it actually means “how does the founder think about revenue assumptions, hiring, cost of goods sold, etc.”
A basic financial model that answers “what are you doing with the money from this round” tells you a lot about how a founder thinks.
Honored & humbled. Always in awe of the amazing people both in CALS & our partners around this wonderful state of NY. Privileged to be a part of an inspiring mission of service.
Fundraising tip: Just say the amount you want to raise. Do not set a valuation or dilution target as the market will speak
VCs know the dilution ranges for each stage which will determine the valuation
Typical dilution ranges are
Pre-seed 10-20%
Seed 20-25%
Series A 20-25%