Three... no, four words: Hi-Def 3D goggles. Guess what's going to be the next hot tech development? At least, Intel thinks so, investing $2 million in Ann Arbor startup Avegant.
Excerpt:
"“It’s too late,” said another venture capitalist, this one in from Cleveland. “They closed their round at $4 million. I was trying to get in and couldn’t. Intel took $2 million of it and the existing investors took the rest. They took it off the table. I still can’t believe I got shut out.”
Having would-be VC investors salivating at the idea of writing you a check, and being able to say no, is a nice, and rare, spot for an early-stage company to be in. How Ann Arbor-based Avegant Corp. got to that spot is an interesting tale of being in the right place at the right time with the right technology."
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