Building Dia was such a colossal mistake, and the folks running TBCNY seem to not understand. They believe they are reinventing the wheel, and every time I hear them talk I cringe.
They talk about their product like it's the reinvention of fire. Seems awful low for that. And if they made no mistakes, surely they wouldn't need to be acquired? Surely they'd be making their own money?
And there are plenty of stories of how they treat their employees that suggest there are absolutely mistakes being made.... company is a joke.
their valuation from last funding in March 2024 was $550m, sold for $610m minus cash on hand. so basically at value...agreed that it's a nice windfall for these folks but relatively bad outcome. When you're building a new browser with AI a year before the trillion dollar AI industry goes bananas for AI browsers and you end up with 600 mil, that feels like an L.
preaching to the choir in absolute terms. in relative terms, if a random feature flag company can be bought for over a billion by an AI company, an AI browser company should be able to be sold for at least that much.
