Source: Forbes
Summary
General Catalyst is in talks to lead a funding round for a four-year-old startup. The startup’s valuation and funding amount have not been disclosed.
Our Reading
The launch follows a familiar script.
The startup, which has been around for four years, is now looking for more funding. General Catalyst is reportedly leading the round, but no details have been shared about the valuation or amount of funding.
This is not the first time General Catalyst has invested in a startup, and it’s not the first time a startup has taken funding from the venture capital firm.
The startup’s founders have not commented on the deal, and it’s unclear when the funding will be finalized.
Let’s be real, this is just another example of the same old story: startup makes some noise, gets funding, and then… nothing.
Original Observation
This is just another example of the same old story: startup makes some noise, gets funding, and then… nothing.
Author: Evan Null
