Raised series B, but don’t know how

The startup I work at raised a big series B+ round in the past 6-9 months, I still don’t understand how we’re valued so high – our users suck and our growth sucks.

Have you ever been in this situation?

  • A few. Sometimes it’s the vision. Sometimes it’s a hot space and VCs want a stake in it. Sometimes it’s the partners. Sometimes the founders are just well connected or Uber pitchmeisters.

    There are multiple reasons VCs invest beyond traction.

  • Can you talk a little about this? No details, of course, but I’m curious as to the composition of the series B+.

    How much was from previous investors?

    How much was institutional money?

    Are you in a space with a unicorn?

    Are the founders with big pedigrees? i.e. Google/Microsoft/Apple VPs and/or 8 digit+ exits in the past?

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