[akharris]

The time horizon definitely differs based on what you're trying to do, and the industry in which you're trying to do it. We've seen that our hard tech companies tend to need more money and time before producing meaningful milestones, and those milestones almost never look as they would for a pure software business.

Companies are usually judged relative to expectations in their field. This goes for founders as well, who are judged relative to everything else the investor has seen.