Comment by jonas21
2 days ago
The investors made money too. The valuation at the last round was $1B, and Google paid them out at a valuation of $2.5B as part of the agreement [1].
[1] https://www.theverge.com/2024/8/2/24212348/google-hires-char...
2 days ago
The investors made money too. The valuation at the last round was $1B, and Google paid them out at a valuation of $2.5B as part of the agreement [1].
[1] https://www.theverge.com/2024/8/2/24212348/google-hires-char...
2.5x in 10 months. With returns like that - if I were the full time chef of the investors spare private jet I would be updating my CV and looking for a new gig.
That’s a deep burn.
The full time masseuse should be able to help with that.
To quote an analyst from the Dotcom bubble era: "Everbody's happy, everybody's making money, something's wrong here"
This is how it's supposed to work. Nobody has to get screwed. It's not a zero-sum game.