[ibejoeb]

>Their first round was debt financing.

Are you suggesting that Wasabi might go away because, maybe, this is not the "traditional" valley model?

[ericflo]

Many, many startups in the valley have raised on convertible notes (aka debt) first.

[ibejoeb]

Indeed. That's what I don't understand. Nothing about the funding is notable.

Convertible notes were all the rage a few years back, too. It was all over the blogs and HN.