50-60mm cash at 500mm (!) valuation and no business model is a big red flag when it comes to something as important, as personal as a browser. This is not a charity. Someone, somehow will have to pay for that.
Except… the growth hacks have started to creep in. They overlay an advert for their own AI services on top of regular Google search results pages in their mobile app. Not even a browser chrome UI element, it’s literally over the page content. That feels like a huge violation of what it means to be a browser.
I don’t want their AI features. I don’t want growth hacks. I don’t want to sign in except for sync. I’d happily pay $40 a year for Arc as a product-focused-product, but as a VC-focused-product it’s heading downhill.
It's unfortunate that other cross platform browsers have such a strong tendency to phone in these little things, because they really do add up to make for a nicer experience.
This is all really sad news.