That's sad. Back in my day, the last round was always C. After that you either went public or folded up. The track record of companies that raised a D was so ba

That's sad. Back in my day, the last round was always C. After that you either went public or folded up. The track record of companies that raised a D was so bad that everyone feared a D out of stigma. Things might have changed a little now, but probably not much. Companies with later than C rounds will prove to be poor investments.