Saints, Sinners, Losers, and Winners
In the venture capital world, there is always a lot of information about the big wins of VC firms, but what of the losers? Or the deals they passed on they came to regret?
One firm recently put out a public announcement of the deals they passed on that turned out to be truly missed opportunities.
Here they are:
AirBnB — back in 2010, the venture partners looking at the deal thought it was a crazy valuation at $40,000,000. The last time AirBnB raised VC money they raised at 500X that original number.
Apple — Venture partner, “Outrageously expensive” at $60,000,000 valuation.
Atlassian — the largest Australian tech IPO is that nation’s history was a “bit rich” at $400,000,000.
ebay — “Stamps? Coins? Comic books? You’ve GOT to be kidding. No-brainer pass.” Haha. Sorry.