Gas Stations in Space and Carried Interest on the Chopping Block | E2082
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If they put a hundred fifty million dollar check in, Mubala and General Catalyst each, let's say they split it. Sure. That would be a very big check size. You can't put that into series A. That's ten series A's, you know, or twenty series A's.
Well, you might be able to put it into an AI series A, but any other normal non AI foundation model company of series A is gonna be much, much smaller than that. Well, I I that's a cool sign, by the way, just so I'll end on this. It's a really good sign. That secondary is happening. Because secondary doesn't happen if the valuation doesn't make sense. And there's a clear path to the next milestones.
So congratulations to the deal team and to the early investors who get some liquidity. This week in Startups is brought to you by Square space. Turn your idea into a new website.
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