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VCs promise to get in at $50 billion after missing first rounds, Turner Novak notes

VCs promise to get in at $50 billion after missing first rounds, Turner Novak notes
VCs target Instinct at $50 billion

Turner Novak comments on venture capitalists approaching limited partners about entering Instinct at a $50 billion valuation after missing the first four funding rounds due to summer vacations.

The statement highlights how some investors are eager to participate in later, higher-priced funding rounds after not initially taking part.

Novak has previously reported on Electric's decision to sell a $50 million ARR business to focus on AI development. In another recent update, he noted a startup's attempt to raise $100 million using a pitch deck featuring only American flags. These examples show Novak tracking unconventional strategies and shifts in the startup funding space.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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