2min chapter

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Tough Tech, Roombas, Valleys of Death, and Woolly Mammoths

ChinaTalk

CHAPTER

The Early Stage Valley of Death

In the late stage, there is a more of an opr if a founder needs one to three million dollars for their very first investment nd prove out some milestones before they build a pilot. But when you contrast that to you've done all this work over five years, and now need to go find 75 million dollars first plant, and there's literally no capital out there. It's really hard to build that 75 million piece by piece. So from just a purely fund raising perspective, i think that the scale up first of its kind, valley of death is a taller cliff to climb. And so that is my most hetchy way of answering the question of which death is hardestand

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