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This smells like self-dealing on the part of A16z.
by RainyDayTmrw 1y ago
This smells like self-dealing on the part of A16z.
- jonas21 1y agoHow so? It sounds like a pretty normal merger to me.
- guywithahat 1y agoMaybe, but now they could IPO confidentially as a tech company with high revenue with a multi-billion dollar valuation, which sort of sounds like their end goal
- swyx 1y agothose are heavy accusations to toss around and that the title would like you to conclude, but doesnt pass the basic smell check of fivetran's founders still having control of the company. dbt was the hottest company in the data world 3 years ago and is valuable.
- BoorishBears 1y agoYou're so close to the subject of the accusation by association, that your commentary actually makes their accusation stronger.
- RainyDayTmrw 1y agoI freely admit, this is "smell" based speculation.
- drob518 1y agoThat was the first thought I had, too. When the dot-com bubble burst, every VC was slapping companies together to try to forestall the black mark of having a “failure” and balance sheet write off that they would have to show the LPs (investors) in the next LP meeting. It got so bad that someone described it as “tying together two rocks and seeing if they will float.” Needless to say, most didn’t. So, this makes me wonder if we’re seeing the first signs of the bursting of the AI bubble which we all know we’re in the middle of. Maybe it’s legit and there is real “synergy” or whatever, but the fact that this is two companies within the same VC portfolio makes it suspect.
- ants_everywhere 1y agois this why Reddit and Infogami merged?
- drob518 1y agoI don’t know
- stretchwithme 1y agoThat happened at a company I was at 8 years ago. It acquired a company also owned by the major investor. Layoffs started with a month. They whole thing shut down within 6 months.
- barrrrald 1y agoVCs often help companies find homes within their portfolios