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A comment on What Have VCs Really Done for Innovation? . Parent comment

Re: What Have VCs Really Done for Innovation? by prakash on Sunday September 20, 2009 @02:21PM (#833344)
how many tech companies have made it as far as an IPO without taking money from VC funds?

Any particular reason you are looking at an IPO as a milestone? Somehow I see the YC companies more like SAS.

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Re: What Have VCs Really Done for Innovation? by pg on Sunday September 20, 2009 @02:28PM (#833363)
It's unequivocal. You could also use a revenue threshold.
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Re: What Have VCs Really Done for Innovation? by prakash on Sunday September 20, 2009 @02:40PM (#833382)
How about some combination of Revenue + Profitability?

Revenue alone doesn't help, I think Facebook crossed $300 MM but was not profitable at that point in time.

Current IPO's target revenue in the range of $50 MM (I think), pre-bubble IPO's required 4 straight quarters of revenue growth (something like that), this is a moving dynamic.

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Re: What Have VCs Really Done for Innovation? by akeefer on Sunday September 20, 2009 @06:05PM (#833624)
For what it's worth, my understanding is that the target these days (especially thanks to the costs of Sarbanes-Oxley compliance) is closer to $100 MM in revenue to even think about an IPO.
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Re: What Have VCs Really Done for Innovation? by ivankirigin on Monday September 21, 2009 @10:40AM (#834658)
Sending astronauts to space also is a clear sign your space program is real. It is also retarded in most cases.
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