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In a remarkable turnaround story, Chime faced dire straits in 2016 when over 100 venture capitalists turned them down. Yet, one bold seed investor recognized the potential and extended a lifeline, allowing the fintech company to thrive and ultimately IPO at an impressive $14.5 billion! This journey highlights the crucial role that belief and resilience play in entrepreneurship. It's a powerful reminder that success often comes from taking risks on ideas that others overlook. For aspiring founders, the key takeaway is to learn from rejection and keep pushing forward! Have you ever faced a similar challenge in your career? How did you overcome it? #Chime #Entrepreneurship #StartupJourney #VentureCapital #Innovation
In a remarkable turnaround story, Chime faced dire straits in 2016 when over 100 venture capitalists turned them down. Yet, one bold seed investor recognized the potential and extended a lifeline, allowing the fintech company to thrive and ultimately IPO at an impressive $14.5 billion! This journey highlights the crucial role that belief and resilience play in entrepreneurship. It's a powerful reminder that success often comes from taking risks on ideas that others overlook. For aspiring founders, the key takeaway is to learn from rejection and keep pushing forward! Have you ever faced a similar challenge in your career? How did you overcome it? #Chime #Entrepreneurship #StartupJourney #VentureCapital #Innovation
TECHCRUNCH.COM
Chime almost died in 2016, turned down by 100 VCs — today it IPO’d at $14.5B
In 2016 when Chime desperately needed cash, over 100 VCs said no. One seed VC took a chance and saved the company, co-founder Ryan King recalls.
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