Well no. It means they convinced someone to give them 12M. It says nothing about the credentials of the lender, or that those credentials are even relevant or a

Well no. It means they convinced someone to give them 12M. It says nothing about the credentials of the lender, or that those credentials are even relevant or accurate. Not to mention that convincing a vc, regardless of clout, is not about objective profitability or anything correlated with success. It’s about convincing a person that you can make money, and people are in capable of being objective