[purim]

It's weird seeing ppl downplay this exact scenario. They raised $100M, can they hit sales in a recession? Rates are rising for VCs, they need to generate a winner quickly more than ever. Just in time before the expected 75bps rate increase

[wpietri]

For sure. Taking venture capital increases the odds of a large success, but also increases the odds of total failure. VCs are perfectly willing to blow up a modestly successful business if it means a chance at a giant success.

And from my perspective as a BitWarden customer, both of those outcomes could be worse for me. Obviously for failure, but many companies in their rush for new pots of money can do things that aren't great for existing customers. And then if those rushes don't work out, things like layoffs, reorgs, and other chaos can diminish customer focus, leading to long-term product decline.