It does not imo but also seems like a cheap way to back a possibly asymmetric group. The valuation is not the hurdle for investors, as they will have seniority

It does not imo but also seems like a cheap way to back a possibly asymmetric group. The valuation is not the hurdle for investors, as they will have seniority (likely with a multiplier) in any liquidity event. Does it seem like this group is moving quickly and making waves in a potentially huge market? Yes. Is this still a lot of money and very risky? Also yes.