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by badrequest
1 hour ago
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When I joined my first startup, they said if you didn't have a good plan for going public or getting acquired by series C, then the D in series D stood for death. Uber et al raised like a J round. None of the rules around markets or investments are real, it's all vibes-based, and the decision-makers love talking to their ChatGPT mistresses too much to let this all come crashing down. |
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Uber's a poor example because it did IPO in 2019 and its stocks are up around 75% since then.