3 ms·
Well that's a different thing than what the OP claimed (marking up an investment with a tiny secondary round). They marked it up with a giant round!
by jonknee 7y ago
Well that's a different thing than what the OP claimed (marking up an investment with a tiny secondary round). They marked it up with a giant round!
- throwaway_law 7y ago>marking up an investment with a tiny secondary round Maybe a $2B round is tiny in the face of annual losses of $1.9B which was 2x the loss from the year before. Who really knows anymore, maybe doubling your losses is just another metric VCs can spin as positive growth. After all the Unicorn IPO mantra seems to be, but we can stop our billion dollar losses whenever we want and then its all profits.