The car rental startup has somehow managed to go public and says it will turn a profit this year. That seems to be far from reality though.
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VCs are a dime a dozen in the San Francisco Bay Area. So, aside from the bragging rights that come with being seen as a global venture firm, it makes no sense for the now-Indian Peak XV to invest in a market that’s already crowded.
Strong SUV sales and upcoming EVs may be scoring all the headlines for the automaker, but investors need to watch its tractor business, which seems to be on the cusp of a breakout.
The recent spate of exits at the newly independent VC firm is not a surprise. It is a reset for a fund that’s so far operated as if it is special and now has to adjust to new realities.