Demand and supply is playing a big role in the valuations.
One could argue that absent a MnA ecosystem, investors only have a handful of opportunities to multiply their investment. It leads to simple handing-off to next round investors as the one and perhaps only opportunity to get returns on the funds.
Only recently has the ecosystem understood the potential for IPO in India as a potential for exit.
You are right and I am simply putting myself in the shoes of the late stage investors. Perhaps they have been sold a story the drives confidence in a 2X return. When the story doesn’t hold up, there isn’t much of a multiples buffer to prevent losing money.
Demand and supply is playing a big role in the valuations.
One could argue that absent a MnA ecosystem, investors only have a handful of opportunities to multiply their investment. It leads to simple handing-off to next round investors as the one and perhaps only opportunity to get returns on the funds.
Only recently has the ecosystem understood the potential for IPO in India as a potential for exit.
That's true, but I wonder why these late-stage investors are investing at these valuations with complete disregard for capital efficiency.
My guess is, late stage investors are bringing money from a different class of LPs, who aren’t looking for asset classes that grow 20x.
Leave 20X. My concern is that some of these can't even retain their valuations (Oyo and Byju are valued below their total funding amounts already).
You are right and I am simply putting myself in the shoes of the late stage investors. Perhaps they have been sold a story the drives confidence in a 2X return. When the story doesn’t hold up, there isn’t much of a multiples buffer to prevent losing money.
I have no interest in using postman after they trashed all of my requests and subsequently tried forcing me to tie an account to it
it's literally just an http client with a UI, better luck next time
Yeah, never understood the charm of it either. My favorite is Bruno (https://github.com/usebruno/bruno), one can even commit its text-based files to version control. Insomnia is probably better but had a major fiasco last year - https://github.com/Kong/insomnia/issues/6577
Bruno didn’t exist until ~2yrs ago and was created as a reactionary alternative to Postman’s changes. What did you use before that?
hmm looks like they forked the pre-enshittified version of insomnia https://github.com/ArchGPT/insomnium
What you linked to seems to be in archive and read-only mode already.
> it's literally just an http client with a UI, better luck next time
This is the exact toxic dismissive attitude that leads to OSS software going the payment-gated route.