underscored

@underscored

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Index Ventures, reported by Newcomer last week to be leading the raise, is no longer investing at all in Town, per the sources, despite reaching a signed term sheet in recent days. The about-face comes after another AI assistant startup in which Index was reported to be co-leading a large-sized investment round, Instinct, complained to the investor about potential conflict of interest, the sources add.

Alex Konrad
1w ago

"There's a hype cycle game that sometimes works. And one model someone gave me was B2B software, AI whatever, in 2026 is much more like crypto in 2021, than [it is like] B2B in 2021. The hype matters. The hype goes into the next round. When you have that round and you have the valuation, you get more investors, you get more customers, you get more employees. Hopefully, then, you're using that to build real things, and rinse and repeat. But there is a hype 'fake it 'til you make it' game that I think can work."

3mo ago

Underscored — save the words that stop you in your tracks.

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