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I was wondering the same too, they raised ~$30 mil for Series D, then now ~$40mil for E. I can understand if they raised $100mil or something huge. Makes me
by segmondy 11y ago
I was wondering the same too, they raised ~$30 mil for Series D, then now ~$40mil for E. I can understand if they raised $100mil or something huge. Makes me wonder what their cash situation is and if they are going to be going for more rounds, at some points, the VC's will try to get their money back. What will that mean for Chef?
- patio11 11y agoImportant for HNers who don't understand this already to internalize this: "VCs will try to get their money back" by selling the company, not by taking money out of the company. Once you're talking about these sums of money, the odds-on form the sale needs to take is an IPO. Assuming a company continues to grow quickly and looks like it has a good shot of IPOing in the forseeable future, there is no sum imaginable of money which cannot be found for it. (That is a risk factor for every startup on the IPO path, because nobody grows forever and each additional financing round dilutes you more, but $100 million is not, in the grand scheme of things, an impossibly huge amount of money to use to build a software business.)
- wspeirs 11y agoYea, part of me wondered if they took on this money to help go IPO...