Copy.ai Series A

$11M at $150M for Copy.ai's Series A. I've seen some deals in my time but this one feels like Wing VC, Sequoia collectively decided to LARP as 2021 Tiger Global. marketing text generator—that's the pitch. That's the whole pitch. The ai thesis made marginal sense when money was free, but we're now in an environment where actual business fundamentals matter, and fundamentals are precisely what's missing from this deal. The best case scenario is an acqui-hire. The base case is a long, slow bleed. The worst case involves lawsuits.