I will defend the $700M fizzy water

Silly season is out in venture capital land.
Today investors and founders alike will bore your ears off with notes about incremental cash flow positivity and their timeline to adjusted EBITDA profitability.
Lame.
Despite the general boringness of today’s venture capital landscape, replete with conservative valuations, falling deal sizes, and clucking investors sitting atop a mountain of capital, we learned today that at least some folks are having fun.
Enter Liquid Death, a direct-to-consumer water company that just raised a $70 million round at a $700 million valuation, per Bloomberg re

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