Buy the Rumor; Sell the News

What happened at Pipe?

Revenue-based financing collides into higher interest rates

Dave Friedman's avatar
Dave Friedman
Nov 24, 2022
∙ Paid

Note: There is some controversy about what events transpired to cause Pipe’s CEO to resign. A VC had posted a tweet last week detailing some troubling allegations; that tweet was subsequently deleted. Before it was deleted, I had revised this post with a link to that now-deleted tweet. I don’t know what the truth is at this point, and so am including th…

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2025 Dave Friedman
Privacy ∙ Terms ∙ Collection notice
Start your SubstackGet the app
Substack is the home for great culture