Phillips: 11 Tribes passes on Folio over valuation and enterprise traction
Mark Phillips · The $1.2 Billion EdTech Opportunity Nobody Saw · Mar 12, 2025 · at 23:43
Mark Phillips (11 Tribes) explains why Folio does not fit his fund's investment and ownership requirements.
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“I think two things that really make this problem not a fit for 11 Tribes, the round dynamics are challenging. I think being able to put a check in at that valuation that allows us to hit our ownership targets is going to be challenging, but excited to see and would want to see more traction along the enterprise side of things.”
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