Imbue Series B

Let me explain why Imbue's Series B is a catastrophe wearing a business casual blazer. NVIDIA, Astera Labs just lit $200M on fire for a $1B valuation, which implies they think reasoning about reasoning is worth more than several profitable public companies. The ai market is already oversaturated with better-funded, better-positioned competitors, and the moat here is essentially 'we exist.' The unit economics require believing in magic. The exit strategy requires believing in time travel. This isn't investing; it's collaborative fiction writing with wire transfers.