Earlier quoted context omitted.
> They didn't have to join, which means they got a solid valuation. Did they? I see a $7MM seed round in 2022. Now to be clear that's a great seed round and it looks like they had plenty of traction. But it's unclear to me how they were going to monetize enough to justify their $7MM investment. If they continued with the consultancy model, they would need to pay back investors from contracts they negotiate with other…
They had a second round that was $19m in late 2023. I don't doubt for a second that they had a long runway given the small team.
With more runway comes more investor expectations too though. Some of the concern with VC backed companies is whether the valuation remains worthwhile. $26mm in funding is plenty for 14 people, but again the question is whether they can justify their valuation.
Regardless happy for the Oven folks and Bun has been a great experience (especially for someone who got on the JS ecosystem quite late.) I'm curious what the structure of the acquisition deal was like.