Raising $100 million is easier than $1 million — a tragedy for early-stage companies

Roman Axelrod (Credit: courtesy of XPANCEO)

Recently, my company, XPANCEO, closed a $250 million Series A round at a $1.35 billion valuation. It was the largest Series A ever raised in the MENA region, and the largest in the AR/VR and wearables spaces worldwide.

But the real story here is what this round reveals about the state of venture capital today. Raising $100 million has, in many ways, become easier than raising $1 million.