The market is wild right now... stay safe kids :)
Lesson: no matter how much you raise, its about how you spend it and your ability to go profitable and survive.
Sustainable business growth not growth at all costs is the answer to this.
Can we have more conscious capitalism?
Sequoia invested in a $420m round in FTX at a $25B valuation in October 2021 and a consortium with Paradigm invested $400M at $32B in January 2022.
And now it's selling in a fire sale?
This is a truly crazy event in startup world. Dot-com bust level event