Cobie (@cobie): A lot of ppl announcing "community rounds" but if you look underneath the hood, it's actually mostly just sold to VCs. Pretty disappointing to see ppl…
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A lot of ppl announcing "community rounds" but if you look underneath the hood, it's actually mostly just sold to VCs. Pretty disappointing to see ppl try to co-opt the moment and disguise trad fundraises as "community sales". Community rounds don't have 25% of the community allocation reserved for one VC. Anyway, it is what it is, onwards, no respawns, etc etc.