“You have to adjust to the reality and play the game on the field,” investor Bill Gurley told Erin Griffith for a story this week about the proliferation of $100 million private investment rounds. If Gurley, Silicon Valley's closest thing to a doomsday clock, has stopped issuing warnings about a bubble and finally joined the party—it might just be time to worry.
Griffith's thesis, that Silicon Valley is handing out hundred-million-dollar checks like they're free t-shirts at a tech conference, just added another piece of evidence. DoorDash, the food delivery startup that raised $535 million in March, announced Thursday that it had nabbed another $250 million.
