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My VC funds tried to raise a down round 2 weeks ago, and I got upset because nowhere did they discuss the possibility of imminent bankruptcy.
by akgoel 4y ago
My VC funds tried to raise a down round 2 weeks ago, and I got upset because nowhere did they discuss the possibility of imminent bankruptcy.
- blitzar 4y agoI am deeply disappointed in myself that I havent raised 500mil from one of the "master of the universe" VC's for a crypto vapourware project.
- xiaolingxiao 4y agoDid you say your vc fund? As in a fund or vc funded startup
- akgoel 4y agoI have invested in a fund that invested in blockfi in 2019, and they came back to ask for a follow-on a couple weeks ago, probably to bail out their last two funding rounds.
- atlasunshrugged 4y agoInteresting, I guess FTX is really in it to save the ecosystem but not sure the value for an investor (unless their portfolio is all crypto projects) to bail them out.
- quickcheque 4y agoI mean that possibility is implied. Backward and downward.