The business of VCs is to take risk. VCs _know_ that 8 out of 10 of their investment will return zero, zitch, nada. They just expect one of of 10 to make it even -- and another one to make it 20x.
So that doesn't mean that Arduino is on anything great: it just means it has been able to convince VCs that there's _some probability_ that they will make it big.
But the probability of doing something big is still very low...
( In fact a VC once told me that, 3 months after investing - i.e. a few board meetings max - he already knows if the company will succeed or not. And in 8 out of 10, he will just do the figuration until failure - at best, buy for cents on the dollar)
So that doesn't mean that Arduino is on anything great: it just means it has been able to convince VCs that there's _some probability_ that they will make it big.
But the probability of doing something big is still very low...
( In fact a VC once told me that, 3 months after investing - i.e. a few board meetings max - he already knows if the company will succeed or not. And in 8 out of 10, he will just do the figuration until failure - at best, buy for cents on the dollar)