Jonathan Kamens 86 474d ago

RE: https://stefanbohacek.online/@stefan/116257411374685567

Um… Is raising $100 million in Series B funding and then just… not telling anybody about it for a year a thing that happens? Because at least in my experience, that's not a thing that happens.
It seems like a pretty big red flag when a company raises $100 million and then decides they shouldn't tell anybody about it for a year.
No?
#Bluesky #VC #VentureCapital

Show threadgrrl_aex

@jik

Private companies (like Bluesky), in contrast to publicly traded companies, are basically exempt from any public reporting requirements, under law in the US. No balance sheets, no funding disclosures, nothing.

Mar 20 at 2:59amWeb
Show threadJonathan Kamens 86 473d ago
@kitkat_blue I am aware, thanks.
But every one of the many startups I've worked for bragged about every funding round shortly after it closed.