A massive growth fund outbid 8VC by 60% on a Series B
Joe Lonsdale · Joe Lonsdale – Entrepreneurship and 8VC (First Meeting, EP.09) · Sep 30, 2019 · at 21:20
Joe Lonsdale discusses valuation inflation in Series B rounds caused by late-stage growth funds moving into earlier rounds.
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“I was just outbid last month for something I love by like 60% from a firm. I won't mention the name, but it's a firm that writes regularly the 102 hundred million dollar checks. They decided to come down and write a thirty million dollar check.”
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