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To stop competing startups from getting funding. Decart (Oasis) raised $25 million at $500 million valuation. World Labs raised $230 million.
by echelon 2y ago
To stop competing startups from getting funding.
Decart (Oasis) raised $25 million at $500 million valuation.
World Labs raised $230 million.
- UncleOxidant 2y agoNot sure about that. Sometimes Google legitimates a field. I was in a kite power startup company back in 2019. Before Google canceled it's Makani kite power project VCs and angels would at least talk to us - it gave them some frame of reference: "Oh, this is like the kite power thing Goggle is doing?" "Right, but on a much smaller scale". After they canceled Makani in the summer of 2019 it was crickets. We folded by the end of 2019. They figured if Google couldn't make it work then it probably wasn't something to invest in.