Building Dia was such a colossal mistake, and the folks running TBCNY seem to not understand. They believe they are reinventing the wheel, and every time I hear them talk I cringe.
Selling for over half a billion dollars sounds like zero mistakes were made.
their valuation from last funding in March 2024 was $550m, sold for $610m minus cash on hand. so basically at value...agreed that it's a nice windfall for these folks but relatively bad outcome. When you're building a new browser with AI a year before the trillion dollar AI industry goes bananas for AI browsers and you end up with 600 mil, that feels like an L.