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>but there's nothing inherently troubling about a highly-valued, late-stage company raising so much money. Maybe not troubling, but interesting. There's defini
by macspoofing 10y ago
>but there's nothing inherently troubling about a highly-valued, late-stage company raising so much money.
Maybe not troubling, but interesting. There's definitely something interesting there. For one thing, nobody wants a representative of the Saudi government to sit on their board and yet they took their money. Clearly they didn't have a lot of suitors willing to dump money on them and clearly they had some (major?) need of capital.
- koolba 10y ago> For one thing, nobody wants a representative of the Saudi government to sit on their board and yet they took their money. Says who? If you want to expand in the Middle East then having high level officials with skin in the game is a plus. I wouldn't put it past them to ban the competition and pressure their allies accordingly.
- dragonwriter 10y ago> For one thing, nobody wants a representative of the Saudi government to sit on their board I think there is a faulty assumption here; I don't see much evidence that the Saudi government is treated as some kind of pariah investor that everybody wants to avoid being represented on their board, such that they have to offer substantially more favorable terms or be the only player around before people accept their money.
- morgante 10y ago> For one thing, nobody wants a representative of the Saudi government to sit on their board and yet they took their money. Why do you assume that? It guarantees them favorable treatment in a growing market.