It comes down to conviction. According to an article from the Wharton School, Perkins did his research before making what might have seemed like a crackpot investment. As the examples of Benchmark with Snap and Accel with Facebook show, coming in early with a large offer and actively guiding an investment to success can be a great strategy.
The company had revenues and cash flow.
Source: CNBC. There are large, long-standing firms like New Enterprise Associates founded in and Bessemer Venture Partners founded as family office Bessemer Trust in , but opened up a venture fund in Silicon Valley in To help you digest this report, each section will contain a bullish and bearish key finding.
Please note that all funding values are given in U.