Investing Without a Product or Revenue

Investing without a product and without revenue, that was y a litt i uncomfortable. Canver's seed round valuation was eight million dollars on which the average valuation was probably two to four million dollars or two to five million dollars. And even after the ange around, i think it was nearly a year until they launched the product. They sort hof thought they would launch a first version but the quality of that first product wasn't good enough for mel.