[stytchwhy]

throwaway because I am in the ecosystem

Stytch... is a weird business. It's unclear to me why they were able to raise so much money with such low revenue. It's almost as if the VCs really really wanted them to succeed, hoping and dreaming and throwing cash into the fire.

there was a lot of fanfare around their founding team but not sure if they did that much at their previous employer.

[nrmitchi]

To be fair, there are examples of this in almost every industry and/or software-product vertical.