From Techcrunch: https://techcrunch.com/2024/01/08/pitch-christian-reber-venture-funding/ https://techcrunch.com/2024/01/08/pitch-christian-reber-vent... > "Pi

From Techcrunch: https://techcrunch.com/2024/01/08/pitch-christian-reber-venture-funding/ https://techcrunch.com/2024/01/08/pitch-christian-reber-vent... > "Pitch had raised north of $130 million in funding..." I'm sure I'm not the only one baffled at how much they were able to raise for such a product. I looked into Canva to compare valuations in that market. Canva is at US$ 25b [1], which is astounding to me (but down from $40b in 2021 [2]). So I guess they're looking to turn Pitch into something at 2b I guess. IMHO the CEO acted correctly if he felt the company & product couldn't hypergrow. They didn't burn cash building a massive headcount. He worked at the product & market long enough to reasonably argue how much the company could grow. He returned money, downsized the company presumably to a point where it could self-sustain. He did good by their investors, the headcount wasn't sustainable I guess. And resign. It's regrettable of course, so many lost their jobs but I don't see how his conduct is reprehensible. [1] https://app.dealroom.co/companies/canva https://app.dealroom.co/companies/canva [2] https://techcrunch.com/2021/09/14/canva-raises-200-million-at-a-40-billion-valuation/ https://techcrunch.com/2021/09/14/canva-raises-200-million-a...