Now that is old school…
Grocery delivery service Instacart wrapped up another round of funding with $6 million, bringing its overall evaluation to $7.6 billion, CNN reports.
Title and content not consistent 6 or 600?
They already burned 99% of the latest round as we speak.
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Instacart is another company that I cannot understand. If they raise prices enough to be profitable it will just push most of their customer base to do their own shopping
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Probably haven’t think out the monetizing business model. Hype to get as fast a growth rate of customers as possible.
I don’t see how they will ever generate a large amount of profit per order.
Try 0?
“It’s also true that venture firms haven’t seen any real returns from IPOs since before the 2022 market collapse. The dearth of exits is particularly stark because VCs invested record amounts of capital in 2020 and 2021, including deals at high valuations in areas such as crypto and fintech.”
Is AI going to turn out any different or is it just another round of VC firms and startups lighting money on fire? The wealth description is legit.
