Before you set out 3/5 Navigation SeverityCartographic IncidentThe route is real, but the signage gets weird enough to deserve a field note.
Summary
SamNav editorialThere is a recent trend in Silicon Valley towards party rounds—in early financing rounds, instead of raising large amounts of money from a few large investors, companies are instead raising small amounts of money from many small investors....
Excerpt · opening linespulled from source
There is a recent trend in Silicon Valley towards party rounds—in early financing rounds, instead of raising large amounts of money from a few large investors, companies are instead raising small amounts of money from many small investors. The number of investors in such a round is commonly between 10 and 20, but I’ve seen rounds with over
SamNav stores no post bodies. Only enough to orient you - the rest lives at the source.
Original source
Read the full essay on Sam Altman's blog
blog.samaltman.com/party-rounds
Opens the original in a new tab · last reachable 2026-06-05