It’s foie gras season in unicorn land

Share Story on

W

elcome to the TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by the daily TechCrunch+ column where it gets its name. Want it in your inbox every Saturday? Sign up here.

With most startups getting repriced behind closed doors, we love getting data that gives us a glimpse of what’s going on. This week, our new information comes from EquityZen, which shared insights on secondary stock sales. EquityZen also put up a few IPO predictions that gave us food for thought. Let’s explore. — Anna

A glimpse of repricing

How do you know when a unicorn has lost its billion-dollar valuation? Usually you only find out long after the fact, when — and if — the company raises a down round that makes it clear that its equity valuation is no longer in the unicorn realm.

The thing is, not many founders want to advertise that they have raised capital at a lower valuation than their previous round; in most cases, they just won’t disclose their new valuation.

As market observers, this leaves us with little data on a topic that our readers do care about: What kind of repricing they could expect. This is why we were grateful for Instacart, which made it public that it reduced its valuation through a 409A price change. This wasn’t good news, but it was a helpful data point for everyone involved. However, that was back in March.

It’s foie gras season in unicorn land by Anna Heim originally published on TechCrunch



Search By Category

Recent News

You May Also Like

Flicka Cosmetics ropes in 2000 influencers to launch Flawless Femme Foundation

Flicka Cosmetics ropes in 2000 influencers to launch Flawless Femme Foundation

Flicka Cosmetic’s Flawless Femme Foundation New Delhi (India), February 3: Incepted in 2018, renowned beauty brand Flicka Cosmetics launched its Flawless Femme Foundation ranges recently.

On the eve of World Cancer Day, Global Healthcare Advisor Vijay Dhawangale shares his views on awareness in the fight against cancer

On the eve of World Cancer Day, Global Healthcare Advisor Vijay Dhawangale shares his views on awareness in the fight against cancer

Vijay Dhawangale, a global healthcare advisor, offers his thoughts on raising awareness against cancer Mumbai (Maharashtra) [India], February 3: World Cancer Day is held every year on 4

Chaitali Das presents eco-friendly souvenirs to Manipuri polo players at Kolkata Polo Season 2022

Chaitali Das presents eco-friendly souvenirs to Manipuri polo players at Kolkata Polo Season 2022

Kolkata (West Bengal) [India] February 3: Internationally acclaimed Indian Social Entrepreneur & Philanthropist Chaitali Das receives the memento as a goodwill gesture from Chief of Staff

MK Jewels brings the rich jewel culture of every state in India to one venue

MK Jewels brings the rich jewel culture of every state in India to one venue

MK Jewels New Delhi (India), February 3: MK Jewels proudly celebrates the diverse and rich craftsmanship of India with their “Proudly India” showcase on the

Social Commerce Platform-enabler, Springo joins #SucSEEDFamily

Social Commerce Platform-enabler, Springo joins #SucSEEDFamily

New Delhi (India), February 3: Springo, a community commerce enabler platform aimed at making the journeys of sellers selling on social media fast, efficient & easy

The Beauty Sailor; a premium skin care brand in India

The Beauty Sailor; a premium skin care brand in India

The Beauty Sailor, Premium Skincare and Haircare Brand in India New Delhi (India), February 3: The Beauty Sailor, an exclusive skincare brand in India, is preparing