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The only funding that's equivalent to the EU's $1.1bn this year has been GoPuff's $1.2b series G round, in a company that's been going for 8 years and has absol
by onion2k 5y ago
The only funding that's equivalent to the EU's $1.1bn this year has been GoPuff's $1.2b series G round, in a company that's been going for 8 years and has absolutely proved its market. Last year there were some bigger ones, Rivian's $2.5bn round for example, but even that wasn't exactly in a startup considering they'd already raised $3bn before. The VC funds in SV are definitely bigger and better than anything on this side of the Atlantic, but even in SV they're not exactly throwing huge bundles of cash at seed rounds any more. I wish they were. It was fun when people got a couple of mil to prove an idea. Reading the daft things that founders did (on Fucked Company) was a good laugh.
- jiofih 5y agoCrazy times when a company with zero revenue and no products launched is “not a startup” because of their funding…