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.
On the other hand, what is an AI browser supposed to enable that justifies a billion dollar valuation?