This is an insane amount of dilution for a late stage business to take. Flexport is an outwardly incredible operation run by some of the most impressive people in the world, but it’s hard to understand how anyone other than late-stage investors benefit.https://twitter.com/typesfast/status/1098629369268850688 …
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Also I’m not questioning the value of raising capital b/c it unlocks a magnitude of opportunity that far outweighs the 25-30% incremental dilution. I’m commenting on an empirical fact that technology companies raising a 4th-5th round usually don’t sell this much of their co
I'm trying to reconcile "I’m not questioning the value of raising capital b/c it unlocks a magnitude of opportunity that far outweighs the 25-30% incremental dilution" with "it’s hard to understand how anyone other than late-stage investors benefit."https://twitter.com/nitguptaa/status/1098844305542672384?s=20 …
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“I don’t question the value of raising capital” was a generalized statement. My first comment was specific to flexport and hyperbole, thanks. The point is that I’d rather be an early employee/investor of a company with a different degree of capital efficiency. See Stripe Series C
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I really like your blog btw. Went down a rabbit hole a year ago re: EDI slash price/schedule/track/trace in trucking and stumbled upon your company.
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No shit talking here. I feel like Ryan and I had a pretty levelheaded chat! Plz let me know if I said something wrong
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