"Venture capitalists have always evaluated a set of competitors and then made a bet on who they think the winner is going to be in a category. What's different is that it's happening much earlier,"
"'The 2010s version of this was just called 'capital as a weapon,'"
"The tactic is known as "kingmaking.""
"considerably higher than that."
DualEntry raised $90 million in a Series A led by Lightspeed and Khosla Ventures at a $415 million valuation within its first year. The company aims to replace legacy ERP systems like Oracle NetSuite by automating routine accounting tasks and delivering predictive insights. A VC who declined to invest reported DualEntry's ARR was around $400,000 in August, a figure the co-founder disputed and characterized as "considerably higher than that" by the time the deal closed. Top-tier venture firms increasingly deploy massive early funding—known as "kingmaking"—to overwhelm rivals and create perceived market dominance, shifting the tactic earlier than in prior cycles.
Read at TechCrunch
Unable to calculate read time
Collection
[
|
...
]