> They must be having some sort of decent traction to close these rounds, so that means that they have a strong use case.
Hard to tell. Closing rounds is not a guarantee of anything. VC model is to throw shit against the wall and see what sticks. The model is sound. So, say, Juicero took $150M and did not stick. But Dropbox did stick. It will hopefully pay for all Juiceros and other failed investments, and then some.
Hard to tell. Closing rounds is not a guarantee of anything. VC model is to throw shit against the wall and see what sticks. The model is sound. So, say, Juicero took $150M and did not stick. But Dropbox did stick. It will hopefully pay for all Juiceros and other failed investments, and then some.