> Shouldn’t companies be trying to increase valuations at each round?
A CEO, who was pushed out [1] over a sexual harassment scandal [2][3] while his company was being sued by fucking Google [4], launched a civil war at the Board level [5]. An outsider had to be brought in to save the peace [6]. Also they got hacked and tried to cover it up [7].
Yes, bigger valuation is generally better than smaller valuation. But sometimes smaller valuation has to do.
A CEO, who was pushed out [1] over a sexual harassment scandal [2][3] while his company was being sued by fucking Google [4], launched a civil war at the Board level [5]. An outsider had to be brought in to save the peace [6]. Also they got hacked and tried to cover it up [7].
Yes, bigger valuation is generally better than smaller valuation. But sometimes smaller valuation has to do.
[1] https://www.nbcdfw.com/news/business/Uber-CEO-Travis-Kalanic...
[2] https://www.susanjfowler.com/blog/2017/2/19/reflecting-on-on...
[3] https://www.nytimes.com/2017/02/19/business/uber-sexual-hara...
[4] https://www.reuters.com/article/us-alphabet-uber-lawsuit/way...
[5] https://techcrunch.com/2017/08/30/pishevar-says-delaware-cou...
[6] https://www.bloomberg.com/news/articles/2017-09-27/uber-soft...
[7] https://www.engadget.com/2017/11/25/uber-ceo-knew-about-hack...