mannerisms

Ruminations on the electronics industry from David Manners, Senior Components Editor on Electronics Weekly.

Fable: The Start-Up Which Raised Its VC Money In Two Days

There was once a chip company which raised all of its venture money in 48 hours. Not a single investor asked to see the business plan.

Not that seeing it would have helped them understand the company’s plans  because the business plan  made no mention of what product the company would pursue other than it would make chips ‘not of the types of ICs now on the market’.

 

The VC said it was “probably the only company I ever invested in that I was absolutely 100 per cent sure would be a success.”

 

Moral: A good name is worth more than diamonds.

 

 

Tags: chip company, chips, diamonds, fable, vc money

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4 Comments

  1. David Manners
    February 11, 2013 23:30

    Absolutely, grax, Arthur Rock it was when he raised the VC money to fund Intel

  2. grax
    February 11, 2013 22:41

    … Arthur Rock

  3. David Manners
    January 12, 2013 00:23

    Nice try, Scunnerous, but it was actually Intel

  4. Scunnerous
    January 11, 2013 22:05

    Well the usual searching doesn’t turn up anything but I’d have to guess Xilinx?