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Shriram Bhashyam April 30, 2015
We took a $10 million investment very prematurely.... At the time we were entertaining some acquisition offers. In hindsight, they would have been wise acquisition offers to take. The executive team got stars in their eyes about the money and took the investment. When you raise $10 million at a $50 million valuation, that is a serious promise you're making with your business.Poignantly, Becker noted, "I understand venture capital is a game and we lost. Although I admit I thought it was more a game of chess and it's more a 'Game of Thrones.'"
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