about 2 months ago
Axios, a business media co, was acquired today for ~$500m. Prolly a GREAT outcome for founders+amazing company. But they raised $57m. Series C was valued at ~$250m, Series D was $430m. Hence, why I think investing in media co's isn't the best return out there given the risk.
And FYI -- I read Axios everyday. I LOVE them and admire their team a ton.