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But we saved everything 🙂.
Kalshi has raised $1 billion at a $40 billion valuation. Nicole DeTommaso highlighted that this is the same company whose Series A pitch deck was recently shared by Sequoia, and noted that just five years ago, Kalshi's founders—two MIT graduates—were pitching an entirely new financial market concept.
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Nicole DeTommaso previously cautioned that founders who use stacked SAFEs during fundraising could unintentionally give up significant equity, as detailed in her analysis of SAFE agreement risks. She has also noted that investors and venture capitalists often focus on making their portfolios appear stronger, as discussed in her piece on portfolio promotion by VCs. These observations provide context for her comments on Kalshi's rapid growth and fundraising trajectory.