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billion blank-check deal with DPCM Capital. Perhaps that will unlock more late-stage capital for hardware-focused upstarts. According to data gathered by Rob Olson, partner and head of data strategy at venture engine M13, startups that have two or more experienced founders tend to exit 33% faster and raise 34% less capital.
In our industry we applaud the efforts for entrepreneurs to have tried and we know that today’s failure can bring the experience for tomorrow’s success. Marketing with long payback is precisely what requires venture capital. It would take 2 years to catch up but believe me they have the capital to do so.
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