An Early Investor In Twitch Explains Why He's Betting Big On Quantum Computing – Forbes

David Cowan had already been an investor at Bessemer Venture Partners for 20 years when he came across an upstart company that was rapidly building an audience around a novel idea: Watching other people play video games. The company was called Twitch. Shortly thereafter, Cowan and Bessemer led a $15 million Series B investment in the business. Less than two years later, Amazon came calling with an acquisition offer Twitch and Cowan couldn’t refuse. It was, in many ways, the dream scenario for a venture capitalist. But it wasn’t long before Cowan began to have regrets. An early backer of Twitch, David Cowan is now investing in the transformative potential of quantum computers like this one. getty “I invested in the company at like a $65 million pre-money (valuation),” Cowan says today. “And then 18 months later I had the opportunity to sell it for a billion dollars. And I thought, ‘Hurray.” And that was a big mistake. Because, you know, only two years later, the company was clearly worth $10 billion. “I’d say the biggest lesson of that was that I had to recalibrate my expectations for what successful companies can do.” These days, Cowan spends his days investing…
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