... have. Investment/Acquisition is brutal right now - we saw grade inflation, now we are starting to see round inflation. Metrics good enough for a Series A before, may only be enough for a seed round at the moment. The heydays of buying for potential are gone I fear, now there is more interest in proving the potential through WAUs/MAUs and ideally revenue (in a perfect world profitability, but the roadmap to profitability is key) All that being said, it depends ...