> I'd love to know how throwing good money after bad would shore up the faith in the rest of the portfolio? I mean, I'm just throwing something out there - I c

> I'd love to know how throwing good money after bad would shore up the faith in the rest of the portfolio? I mean, I'm just throwing something out there - I can't see how they were funded in the first place... But, there's definitely a scenario where We taking a 50% haircut after several large-scale late rounds led by one prominent fund could lead to other companies valued at a level by the same late stage fund being valued less. The optics of that to other investors, whilst common for a lot of funds, at this late stage could raise some eyebrows. $3bn to maintain We's valuation on the private market might mitigate against several multi-$bn write downs across the portfolio, especially if they're planning IPOs as well. No idea if it's a decent strategy, but this is VC we're talking about...