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Startup Insider: Investing Lessons From the Toast IPO

By Early Investing on October 4, 2021

Toast — a provider of hardware and software to restaurants — went public a week and a half ago at a roughly $30 billion valuation.  But unlike most billion-dollar startups, Toast wasn’t on venture capitalists’ radar from the beginning. In fact, Toast didn’t receive any venture funding until four years after it was founded.  Toast’s success demonstrates a few important truths about startups. They don’t need venture…