Welcome to another issue of our NEXT Update! We have three great long reads about companies growing into real companies or failing miserably in the process. More money is not always bigger chance of success!
In 2015, social payments company Tilt was worth $375 million. Less than two years later, it had lost over 95% of its value and was sold for a pittance. What happened? Very long article with lots of insight.
Interesting take on the VC world. One of the problems with bigger and bigger funds is that small investments get less and less attractive. Every single investment should have the potential to return the entire fund.