6 ms·
Good points. >I don’t know who needs to hear this Plenty of people on this forum need to hear it. Because they think otherwise. >but raising a ton of money i
by fuzztester 1mo ago
Good points.
>I don’t know who needs to hear this
Plenty of people on this forum need to hear it. Because they think otherwise.
>but raising a ton of money is not success.
Yes. It's not even an accurate predictor of future success.
>With this large Series C, we have entirely de-risked capital going forward, which in turn assures our independence.
Independence from whom?
If they mean from everyone,
they left out two important categories:
The Series C givers.
The other big C. Customers.
- panick21_ 1mo agoThey mean is that they are much harder to acquire. Their goal is to become an independent public company.
- windexh8er 1mo agoTaking money means they literally are losing control with every dollar. Do you really think that the terms on a $400M+ round don't include influence?
- colesantiago 1mo ago> "independent public company" But they are not independent though, they will be owned by Wall Street should they go public. Instead they remain in the private markets for a long time and sell secondary shares, just like what Stripe is doing. I hope they never go public for the reason that Wall Street would own them.
- benji-york 1mo ago> But they are not independent though, they will be owned by Wall Street should they go public. That depends on how much equity they issue as public stock. (And stock classes and voting rights, but you get the idea.)
- sunshowers 1mo agoI mean, really no one is fully independent — we are all dependent on each other for the necessities of life. But in this context "independent" means "not a subsidiary of another company".