Harry Stebbings says tranched funding rounds may be a sign of bubble behavior in venture markets. He argues investment cycles can move from innovation to imitation and weaker discipline, with tranche structures helping startups lift later valuations.
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Harry Stebbings says tranched funding rounds may be a sign of bubble behavior in venture markets. He argues investment cycles can move from innovation to imitation and weaker discipline, with tranche structures helping startups lift later valuations.
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