Imagine buying something for $2 billion, and less than a month later someone offers you $10 billion for the exact same thing.
That's literally what's happening with Instinct, an AI assistant startup that's barely had time to settle into its own name.
A month ago, it was valued at $2.25 billion. Now it's in talks to raise $1 billion at a $10 billion valuation, more than 4x growth in under 30 days.
And this isn't just hype from unknown investors. Sequoia and Benchmark, two of the most respected names in venture capital, are reportedly leading the round.
When firms like these move fast, the entire market pays attention.
The real question isn't whether Instinct's product is good. It's whether investors are pricing in genuine value, or pricing in the fear of missing the next OpenAI-level bet.
In the AI assistant race right now, everyone wants to lock in position before the market matures, even if that means paying a premium that looks absurd in hindsight.
History has shown us both outcomes are possible: valuations that double overnight can either mark the birth of a giant, or the peak of a bubble.
Which one this becomes, only time will tell. But somebody's doing very careful math right now.
🔗 Original Source & Reference: https://www.techmeme.com/260915/p58#a260915p58
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