How many unicorns are just ponies now? – TechCrunch

How many unicorns are just ponies now? – Nob6

Category : Startup

Author: Nob6 Team

Post Date :


An investor in Instacart, Capital Group, has repriced its shares in the company, lowering its estimation of the value of the online grocery delivery service. The news follows other, similar repricings by companies like Fidelity, which also own a stake in the decacorn.

It’s really not surprising that one more investor agrees Instacart’s 2021 valuation was too hot. It filed to go public in May a couple months after a new 409a valuation reduced its own internal valuation.

The scale of the repricing, however, is leaving us scratching our heads. If Instacart, which was able to raise aggressively during the pandemic, is actually worth a fraction of what investors calculated last year, what about other unicorns? How many billion-dollar startups aren’t worth that much today? More simply, how many unicorns have now effectively been dehorned ahead of their next funding rounds?


The Exchange explores startups, markets and money.

Read it every morning on Nob6+ or get The Exchange newsletter every Saturday.


This question is important, because we often note the sheer number of unicorns, and their value, in the market. Crunchbase, for example, counts 1,372 unicorns today worth some $4.6 trillion. For reference, tech’s big five (Apple, Amazon, Microsoft, Meta, and Alphabet) are worth just under $6 trillion today.



Source link

Tags

About Author

Nob6

Nob6 have a great team of writers and developers who are enthusiastic about delivering quality content focusing on 10,000 + users and loyal readers. 

Leave a Comment

Author : Nob6

Nob6.com: Nob6 Blog – The Complete blog for Blogging, Business, Money Making Tips, Startups, Webmaster, Guest posting, tips and tricks, and Technology News.

Join Us

Recommended Posts

Trickle Chargers Boosting Your Car's Battery Life

Trickle Chargers: Boosting Your Car’s Battery Life

Which Aspects of Business are Just as Important as Your Main Service

Which Aspects of Business are Just as Important as Your Main Service

What Needs To Be Arranged Before Moving Home

What Needs To Be Arranged Before Moving Home

From Manuscript to Masterpiece How Professional Book Printing Services Make the Difference

From Manuscript to Masterpiece: How Professional Book Printing Services Make the Difference

Fundamental Factors Influencing WSM Coin: A Comprehensive Overview

Fundamental Factors Influencing WSM Coin: A Comprehensive Overview

Business team learning about what are contact center solutions and searching the best one

What Are Contact Center Solutions and How Do They Benefit Businesses?

The Best IT Recruitment Agency in UK

The Best IT Recruitment Agency in UK