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by billiam
839 days ago
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Don't know any particulars but the real problem here is the misaligned incentives that come from the rather incestuous relationship between founders, investors, and their friends in most companies steroidally pumped-up by VCs. What about the customers and what they want? VCs typically over-rotate on founders they talk to and obsession with comparable companies. Reading between the lines here the real story of a fire sale to Airtable (in some trouble of its own) might have to do with burnout but also machinations with another portfolio company from a lead investor. |
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