Take
The 'sucker round': celebrity and SoftBank money as a kiss of death
On Whoop's $200M raise (valuing it ~$3.6B), Shaan jokes that when SoftBank plus athletes like Kevin Durant pile in, that's not a Series F, it's the 'sucker round', a signal late money is chasing froth.
“Whoop is $3.6 billion. Oh, and also the wonderful kiss of death. SoftBank and then Kevin Durant and other athletes are investing. You know, that's, that's called the sucker round. It's not called the Series F. It's called the sucker round.”
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