alt Hacker News> Today, we closed our latest funding round with $122 billion in committed capital at a post money valuation of $852 billion.
A couple things that stand out to me about this is the use of the phrase "committed capital", which only sounds like a promise that could break from various circumstances, and the valuation of their funding keeps changing so it sounds like a max rather than the valuation every investor invested at.
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good catch! committed capital is not same as we raised.
It makes sense for such a huge amount to be "committed", not sitting idle in a bank somewhere.
That’s typical. Large funding rounds usually aren’t delivered as one single giant lump sum into the bank account. The capital is committed in stages that can depend on hitting milestones or goals.
This is done even in smaller startup funding rounds some times.
that's why they have to open through banks and other less valuable more sliced share system.
I do wonder how much of Amazon's $50B share (per last press release) is in AWS credits rather than money in the bank.