Raise at too high of a valuation, and it could be tough to hit milestones and raise more later.
Our investor, Viridian Capital Partners, manages risk in these tough economic times by utilizing milestone funding tied to performance.
Additionally, the prevalence of milestone payments makes it tough to measure returns until a few years after an acquisition, when it's possible to see if a therapy's initial promise pans out.
I later reflected on this for two reasons: first, questioning why this bloke had decided to run 14 tough miles over Lakeland fells on his milestone birthday; and second, would the same celebratory outcome be likely at any road race?
Reflecting on the milestone, he said: "It was tougher today [than the first victory].
For many, the exam comes as the culmination of months of cramming, years of tutoring and abnegated personal lives.The notoriously tough National Higher Education Entrance Examination, or gaokao for short, is a milestone for young Chinese people.
The next big journalistic milestone will be the realization that Dean is tough, smart and sincerely concerned for the public good in a way that makes him politically unique these days.
You would have thought a few tough lessons would have sunk in, but BP marked the run-up to this milestone by scoring another perfectly executed own goal.
In an in-depth interview with the BBC, the 19-time champion jockey said a three-week injury lay-off earlier this season was the "toughest" of his career because it ended his hopes of reaching the 300 milestone.
Biogen hit a milestone in the quarter, topping $1 billion in revenue, despite what could have turned out to be a tough period.
