Instinct Raising $1B at $10B & Meta Launches Muse | Miro Sells for $1.36B After a $17.5B Valuation
Harry Stebbings, Jason Lemkin, and Rory O'Driscoll discuss Instinct's $10B raise, Meta's Muse agent platform, Miro's sale at a steep discount, and Mistral's European funding round.
The gist
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Miro sold for $1.36B after a $17.5B peak valuation, a sign that mature SaaS tools stuck at high valuations often end up sold at steep discounts.
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Instinct is raising at $10B while Meta's Muse runs on cheaper integrated infrastructure, making profitability hard at $5 to $10 per month per user.
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The hosts say Anthropic's safety letter is timed around IPO risk management rather than a genuine belief in near-term existential threats.
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Mistral's €3B round from Samsung and ASML is framed as a sovereignty play, similar to Airbus, not a bet on winning the frontier model race.
"I don't know if it needs to be. I use Instinct in a similar power user way. I think latency is a real problem with Instinct, by the way. I wait minutes for responses. Minutes. It's like the first days of ChatGPT. But it does all of my bookings, travel, restaurants. It does all..."
▶ Play at 26:2818 creators recommend it, including Kevin Rose, Shaan Puri, and Sheel Mohnot.
See all on the Instinct pageWhat they recommend · 1 pick
"I don't know if it needs to be. I use Instinct in a similar power user way. I think latency is a real problem with Instinct, by the way. I wait minutes for responses. Minutes. I..."
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