I want to amplify this because as an independent developer, this stuff makes me really angry. The volume of venture capital that pours through the industry makes it almost impossible to compete the way a free market is supposed to work—on the strength of your product or servicehttps://twitter.com/jayrosen_nyu/status/1319049611512844289 …
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I do think the distinction matters in this instance bc media is generally a lower multiple category that conventional venture generally avoids but is of paramount, strategic importance to trad media organizations, which might explain how crazy the $$ were for what was built.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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