> It also lends credibility to the 'not a bubble' discussions if stage C investors are showing restraint but that is a different discussion.
Yes, It's Not a Bubble(TM) if companies with significant and obvious legal risk are only raising $30+ million Series Bs but not $100+ million Series Cs.
Oh wait[1][2].
Employment class action attorneys couldn't have designed companies more vulnerable to lawsuits if they tried. Some of these VCs should have just written checks directly to the class action attorneys.
[1] http://www.businessinsider.com/instacart-raised-220-million-...