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EMERGENCY POD: $SVIB implodes, contagion risk, advice for founders, and what’s next? | E1696
This Week in Startups
Investing in Series B Companies, You Don't Need Five Years of Capital, Right?
A lot of VCs raised too many funds and you might have seen founders fund just took the size of their fund. Some companies were being valued as series B companies at $100 million before they had a product that worked. So now you're plowing money into a product that's not really, doesn't have what we call market pull in the industry,. And so that is another very dangerous thing. That's what we've been sorting out the last year.
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