Harry Stebbings
@HarryStebbings
Are tranched rounds a sign of a bubble?
“In every cycle, you get the innovators, then you get the imitators, and then you eventually get the idiots.
The innovation of the tranche financing was the notion that I can get ‘build with me’ money at a lower valuation, then use that
“In every cycle, you get the innovators, then you get the imitators, and then you eventually get the idiots.
The innovation of the tranche financing was the notion that I can get ‘build with me’ money at a lower valuation, then use that
0:58Harry Stebbings@HarryStebbings · Oct 5What Menlo has done over the last 24 months is exceptional.
Yes, they did Anthropic’s round at $4BN that will make them $50BN+ as a firm. NICE!
But they then took that and went f****** hard. They do Lovable, Higgsfield, Legora.
They compounded the brand win of Anthropic to
Open quoted post →Yes, they did Anthropic’s round at $4BN that will make them $50BN+ as a firm. NICE!
But they then took that and went f****** hard. They do Lovable, Higgsfield, Legora.
They compounded the brand win of Anthropic to
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