[mooreds]

> Quite baffling that success is measured in how much you raise.

It's a proxy for size of company, and often one of the two public ones (the other being the number of employees you can count on LinkedIn). It's not perfect, of course; there's always a Zapier which raises 1.3M and then grows sustainably. But for VC funded companies, this lets you compare them, if not perfectly.

I think everyone would agree that revenue, ARR, and profitability are all more important. But those metrics are rarely shared for private companies.