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Re:Ilya Sutskever's SSI Inc raises $1B by TezNoble1988 on Wednesday September 04, 2024 @07:29PM (#41451920)
Sometimes, these very large rounds are delivered in tranches based on milestones. It's possible that SSI didn't receive the entire $1BN at the close of the fundraise but rather can "call capital," much like a VC fund does, as it needs it based on scaling.
Re:Ilya Sutskever's SSI Inc raises $1B by qeternity on Wednesday September 04, 2024 @07:34PM (#41451948)
> Sometimes, these very large rounds are delivered in tranches based on milestones

Almost always, even not so large rounds.