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E141: State of Series A's, VC dry powder, IPO window opens + more with Bill Gurley & Brad Gerstner
All-In with Chamath, Jason, Sacks & Friedberg
Selling Promise vs Selling Performance: valuation can go down after generating profits…
Late stage rounds are harder to get because capital is dried up/nRaising funds is easier in the early stages based on a dream and a story/nSelling promise is easier than selling performance/nHaving revenue and profit can decrease the valuation of a business/nNumbers and performance change investor criteria for assessing business value/nProduct launch is important for many people
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