[dustingetz]

Huge fundraises are celebrated because it is the only thing simple enough that anyone can understand (customers, employees, investors and other sheeple whose attention the founder must compete for).

"Airtable CEO Howie Liu on the continued importance of getting a ‘unicorn’ valuation" https://techcrunch.com/2019/02/19/airtable-ceo-howie-liu-on-...

[dustingetz]

AH - this is a Schelling Point https://en.wikipedia.org/wiki/Focal_point_(game_theory)

[CrazyStat]

Isn't the whole idea of Schelling points that they arise when the parties can't communicate with each other? Surely there's plenty of communication and coordination possibilities in investment rounds?