Entellus raised approximately $92 million through five private rounds of financing
, borrowed $20 million on a $25 million credit facility, and received proceeds of approximately $90 million in proceeds from its IPO.
With Sequoia being the sole investor, the company apparently had three rounds of financing
Gross proceeds of USD3.8m, or net cash proceeds of USD3.6m, were raised from the two rounds of financing
, added the company.
While at WorldChain, Miller led the launch of the company; established a customer base, including multiple Fortune 500 companies, and raised a total of $62 million in three rounds of financing
from venture capital firms.
"Changes in the capital market have lengthened the time between series A and series B rounds of financing
. As a result, venture backed companies must be conscious of maintaining a much lower burn rate." Also, be prepared to wait longer to execute the exit strategy--five to seven years, instead of three--such as a strategic divestiture or initial public offering.
In one instance, he was able to obtain three rounds of financing
for a co-op development in Santa Monica, which was badly damaged by the Northridge earth-quake.