[mattmaroon]

When companies do rounds in that price range, it's often (maybe almost always) from PE or something other than VC. VC funds are usually not big enough for that. I wouldn't take that as a negative indicator.

[cs702]

Fidelity is not a leading PE firm either.

[TheBiv]

But they are a market maker probably positioning themselves to be the firm that takes them into an IPO

[umeshunni]

That's a very long term bet at this point.