I see a lot of "Congrats" type sentiments in this thread. Maybe I should just say congrats too, but I can't help but wonder: Isn't it a terrible idea to raise $60M as a series A?
That means you'll either need to be bought for ~$100M just to break even, or IPO, which seems very rare nowadays.
Could anyone help me understand what the calculus looks like for these decisions? It's a series A too, not even a series B or C. I get that the founding team genuinely believes in the vision of the company, but you can still believe in the vision without removing your ability to exit.
That means you'll either need to be bought for ~$100M just to break even, or IPO, which seems very rare nowadays.
Could anyone help me understand what the calculus looks like for these decisions? It's a series A too, not even a series B or C. I get that the founding team genuinely believes in the vision of the company, but you can still believe in the vision without removing your ability to exit.