It's the valuation that is wild to me (I think the idea itself has merit). But these are the new economics. I can only say "that's wild" enough before it is in fact no longer wild.
These aren't new economics, it's just VC funds trying to boost their holdings by saying it's worth X because they said so. Frankly the FTC should make it illegal.
That is where I’m shocked being in a position of raising for a startup myself, what was in their pitch deck/data room that convinced them of this valuation? Or is it due to the founders reputation and not the substance?
That's not impressive. That's an incredible amount concentrated in the hands of a few looking for a place to live. It has to end up somewhere. Some of it goes everywhere.
It's the valuation that is wild to me (I think the idea itself has merit). But these are the new economics. I can only say "that's wild" enough before it is in fact no longer wild.
These aren't new economics, it's just VC funds trying to boost their holdings by saying it's worth X because they said so. Frankly the FTC should make it illegal.
That's not how it works at all. Why stop at $300M, why didn't they just say $1BN out the gate?
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That is where I’m shocked being in a position of raising for a startup myself, what was in their pitch deck/data room that convinced them of this valuation? Or is it due to the founders reputation and not the substance?
Its like github - with the word Ai. <end>
I LOVE THIS FOUNDER - I am a 10 out of 10 - YES!!!
Take my (investors) money
That's not impressive. That's an incredible amount concentrated in the hands of a few looking for a place to live. It has to end up somewhere. Some of it goes everywhere.