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Not knowing much about the company's internals, my guess is this will end badly. Consider: * Fidelity is supposedly leading the investment in Jet.com -- not e
by cs702 11y ago
Not knowing much about the company's internals, my guess is this will end badly.
Consider:
* Fidelity is supposedly leading the investment in Jet.com -- not exactly a leading VC or PE investor.
* The investment totals $500 million -- not exactly a small one-off deal that flies under the radar.
* Jet.com is on track to burn all that cash in a year or so -- not exactly a lot of runway.
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Edit: added "or PE" to first bullet point in response to comment below.
- mattmaroon 11y agoWhen companies do rounds in that price range, it's often (maybe almost always) from PE or something other than VC. VC funds are usually not big enough for that. I wouldn't take that as a negative indicator.