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>Their first round was debt financing.

Are you suggesting that Wasabi might go away because, maybe, this is not the "traditional" valley model?



Many, many startups in the valley have raised on convertible notes (aka debt) first.


Indeed. That's what I don't understand. Nothing about the funding is notable.

Convertible notes were all the rage a few years back, too. It was all over the blogs and HN.




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