Basically it's that they don't want to be limited in what they can invest in (be it seed money, venture money, or growth moeny). They have lots of interesting opportunities coming at them and i'm sure they'd not be happy if they were excluded from something they believe in simply for capitalization reasons.
I have a strong suspicion they could have way more capital than 2.7 Bil if they wanted to...they're trying to walk the fine line of having enough capital to work with w/o feeling the pressure that they need to invest in things they don't like.
Basically it's that they don't want to be limited in what they can invest in (be it seed money, venture money, or growth moeny). They have lots of interesting opportunities coming at them and i'm sure they'd not be happy if they were excluded from something they believe in simply for capitalization reasons.
I have a strong suspicion they could have way more capital than 2.7 Bil if they wanted to...they're trying to walk the fine line of having enough capital to work with w/o feeling the pressure that they need to invest in things they don't like.