Feels like they were first in the space but then somehow Ramp ran away from dev with a higher dev pace. Fascinating to see.
If you can't provide a billion dollars worth of value, extract a billion dollars worth of grift!
I hear A16Z is hiring.
This is called value creation.
They will get $300m back.
Opportunity cost sure. But zero nominal loss.
The entire field of economics depends on post ipso facto statements like this.
Like, the world economy can't continue to function even if acquisitions were only 80% value creation on average? Or does the entire world economy depend on companies acquiring other companies with 100% value creation on average, such that it continuing to function logically implies 100% average value creation?
The number is much much lower than that. Most acquisitions fail or don't have much impact.
Brex can be worth $5b today and also be worth less in the future. These two realities don’t conflict. Acquisitions can and do end poorly. But the vast majority work well. I am not sure what you don’t understand about that?