The Ledger
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Stebbings: Index dropped Town deal after portfolio company Instinct objected
“There was a conflict in venture that has now prevented a deal.
We've spoken about instinct being the AI assistant that's raised from index and benchmark.
Well, there's another AI assistant called town, which we just had on the show and index.
Were going to …”
Stebbings: Instinct raised at a $2.5 billion valuation without monetization
“Instinct raised at two and a half billion dollars with no monetization.”
AI Startup Instinct Raised Venture Funding at $2.5B Valuation
“And these companies like Instinct have raised money at extraordinary high prices for the stage of development they're at, like two and a half billion, indicating there's a lot of venture excitement about this category, rightly or wrongly.”