{"version":"1.0","type":"card","id":"5df5f47d-ad26-4c09-b5b2-2fbb1c328924","url":"https://stacklist.com/card/5df5f47d-ad26-4c09-b5b2-2fbb1c328924","title":"Dealroom (The Information) — The argument in favor of tranched rounds","source_url":"https://dealroom.co/news/info-qtamha-the-argument-in-favor-of-tranched-rounds","note":"The Information's AI Agenda column of Oct 26 on funding rounds split into tranches at different valuations, now standard in AI.","image":{"url":"https://ucarecdn.com/bf6d68e6-a1a5-413e-b69e-0cf3431819bd/","alt":"Dealroom (The Information) — The argument in favor of tranched rounds","width":1200,"height":675},"stack":{"id":"af94eecb-fc01-43a7-8b78-f12bfa15d76b","title":"Signals Served #035 — The Buyer in the Room Bids First","url":"https://stacklist.com/c/finance/stack/af94eecb-fc01-43a7-8b78-f12bfa15d76b"},"created_at":"2026-11-02T15:40:05.094Z","updated_at":null,"aco":{"summary":"Stephanie Palazzolo argues that multi-tranche rounds at different valuations have become standard in AI funding, with defenders citing massive compute costs while critics warn of inflated headline valuations. The practice involves corporate investors like Nvidia taking expensive tranches while other investors lead cheaper ones, affecting how deals are recorded in databases like Dealroom.","tags":["venture-capital","ai-funding","tranched-rounds","valuation","startup-financing"],"key_entities":[{"name":"Stephanie Palazzolo","type":"person","confidence":0.95},{"name":"The Information","type":"organization","confidence":0.95},{"name":"Dealroom","type":"organization","confidence":0.95},{"name":"Nvidia chips","type":"technology","confidence":0.9},{"name":"Nvidia","type":"organization","confidence":0.95},{"name":"OpenAI","type":"organization","confidence":0.95},{"name":"DeepSeek","type":"organization","confidence":0.95},{"name":"Pathos AI","type":"organization","confidence":0.9},{"name":"Bristol Myers Squibb","type":"organization","confidence":0.9},{"name":"Warp Sciences","type":"organization","confidence":0.9},{"name":"Lightspeed","type":"organization","confidence":0.9},{"name":"tranched-rounds","type":"concept","confidence":0.95},{"name":"headline-valuation","type":"concept","confidence":0.9}],"classification":"analysis","language":"en","confidence":0.85,"provenance":{"model":"claude-haiku-4-5","tool":"@stacklist/mcp-server@2.0.0","confidence":0.85,"timestamp":"2026-11-02T15:40:12.694Z"},"token_counts":{"approximate":364,"cl100k":334},"content_hash":"sha256:f4b893a84de7aaf5efe009dd4eb35795cdb14c11a69bafb2d5bc16cc64eaa096","acp_version":"0.2","body_available":true,"body_tokens":364,"visibility":"public","agent_accessible":true,"status":"final"},"_links":{"self":"/api/public/card/5df5f47d-ad26-4c09-b5b2-2fbb1c328924.json","html":"https://stacklist.com/card/5df5f47d-ad26-4c09-b5b2-2fbb1c328924","md":"/api/public/card/5df5f47d-ad26-4c09-b5b2-2fbb1c328924.md","stack_json":"/api/public/stack/af94eecb-fc01-43a7-8b78-f12bfa15d76b.json"}}