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Their last Series A [1] was led by Redpoint Ventures which means you would have Tomasz Tungus involved in this decision. Of all of the VCs I've ever seen, heard
by threeseed 5y ago
Their last Series A [1] was led by Redpoint Ventures which means you would have Tomasz Tungus involved in this decision. Of all of the VCs I've ever seen, heard or read about he is the most metrics driven. He regularly benchmarks companies against each other and has a deep understanding of the health of each aspect of a business. I would highly doubt this decision was personal or politics driven in any way.
At a guess I would say that they did an analysis of the company and recommended it be shut down. And the other VCs i.e. the Australian trio of Airtree, Blackbird, Grok who are far less experienced in the VC game went along with it.
[1] https://www.crunchbase.com/funding_round/dgraph-series-a--caa1d13e https://www.crunchbase.com/funding_round/dgraph-series-a--ca...