One point I would like to note was on the connection & financials on Byjus being the title sponsors of Qatar World Cup with the Qatari investors. Would love to explore more on this considering the Byjus Bubble is heavily PR driven :)
We'd need a full-time journo to investigate and tell us if there is anything there. Intuitively, I don't think they're connected. The world cup would get some sponsor or the other, maybe for a bit less money. And for Qatar to intentionally invest in a company only for it to give money back to itself doesn't seem especially smart. Their sovereign wealth fund is a serious fund with strong targets for itself.
Great observation though, I hadn't made the connection.
>> Normally companies that raise money love telling the media about their latest valuation.
I know of two startups that raised a substantial amount but they haven't announced it publicly yet. It’s been more than six months. I’m curious if this is because of the current economic situation? What would be the benefit of hiding it from the public?
It's difficult to comment on why they wouldn't have announced their funding, there could be a lot of reasons. Some companies like working in stealth and I've seen them to not announce funding until much later stages.
In the current environment, if a very very early stage startup raises money, it actually reflectd very well, because investors are selective right now. If a not-so-early-stage startup raises money right now, it wouldn't reflect well because why didn't they just do it earlier when the market was better? And if they did, why did they run out of cash already?
Nice article Shreedhar!
One point I would like to note was on the connection & financials on Byjus being the title sponsors of Qatar World Cup with the Qatari investors. Would love to explore more on this considering the Byjus Bubble is heavily PR driven :)
Thank you :)
We'd need a full-time journo to investigate and tell us if there is anything there. Intuitively, I don't think they're connected. The world cup would get some sponsor or the other, maybe for a bit less money. And for Qatar to intentionally invest in a company only for it to give money back to itself doesn't seem especially smart. Their sovereign wealth fund is a serious fund with strong targets for itself.
Great observation though, I hadn't made the connection.
Great post Shreedhar! I enjoyed reading it.
>> Normally companies that raise money love telling the media about their latest valuation.
I know of two startups that raised a substantial amount but they haven't announced it publicly yet. It’s been more than six months. I’m curious if this is because of the current economic situation? What would be the benefit of hiding it from the public?
Cheers!
Thank you, Ankit. Hope you've subscribed :)
It's difficult to comment on why they wouldn't have announced their funding, there could be a lot of reasons. Some companies like working in stealth and I've seen them to not announce funding until much later stages.
In the current environment, if a very very early stage startup raises money, it actually reflectd very well, because investors are selective right now. If a not-so-early-stage startup raises money right now, it wouldn't reflect well because why didn't they just do it earlier when the market was better? And if they did, why did they run out of cash already?