Well, the Yo case is really eye-opening. It seems 1Mi dollars is pocket change t... | Hacker News

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raverbashing on June 20, 2014 | parent | context | favorite | on: Valuations

Well, the Yo case is really eye-opening.

It seems 1Mi dollars is pocket change to some people.

1Mi dollars is a lot of money in the real world.

sillysaurus3 on June 21, 2014 [–]

$1M isn't much for VCs. Yo didn't raise money from VCs, however. They raised it from angels, and it's a lot of money to them.

Why is it hard to believe that $1M isn't really a lot of money in the context of business?

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