Video of their most recent missions, which were dubbed "Away" missions- number: 47,48,49 -is up on their blog.
That's where this pic came from. That pic was an ad for this blog. It is interesting that John Powell has refused funding from folks who approached him.
If you are making a profit already, why the need for outside funding? Maybe to expand.
It may be useful to review a few points that I have learned:
1) Venture capitalists get a stake in the company
2) They want to have an exit strategy of between 3 to 7 years
3) The exit strategy may consist of an IPO, where the company goes public
The VCs cash out when the public comes in. They hope to make a handsome profit off the exchange. This pays for losers since this is a risky business. The better they are at selecting potential winners, the greater is the percentage of winners, and perhaps even big winners. The standards are pretty high for prospective companies seeking funding from VCs.
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