4 ms·
> TBH, fundraising is kind of like charades: it's a way to signal you are doing well, without telling people your private company metrics. I hate that this is
by nrmitchi 4y ago
> TBH, fundraising is kind of like charades: it's a way to signal you are doing well, without telling people your private company metrics.
I hate that this is the answer.
Edit, for clarification. I don't hate that this is Retool's answer, I hate that this is how the world actually works.
- jongjong 4y agoThese days, companies mostly seem to be raising money from gatekeepers to protect them from their own gatekeeping.
- debarshri 4y agoI think fundraising is more about setting a price on the company. I mean, now we know retool is valued at 3.2 billion, it is probably 20-40x revenue, may be more.
- thunkshift1 4y agoWelcome to the real world
- mbesto 4y agoHuman bias at its finest - e.g. social proof. It's the classic "you don't get fired for hiring IBM" notion. If you were a CIO and chose Retool but it flopped, no one could say "what the hell was the CIO thinking by choosing a company that could go under tomorrow".