You realize companies like Secret more than likely had acquisition offers that could have been north of $6M? It is fairly common to turn down a larger acquisiti

You realize companies like Secret more than likely had acquisition offers that could have been north of $6M? It is fairly common to turn down a larger acquisition offer for raising a funding round that lets you take some cash off the table. In that case, if anything, the founders may have believed a bit too much in their company(by opting to cash out only partially instead of selling outrightly.)