startup valuations

Hello, and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Wednesday show, where we niche down to a single p

Most unicorns never were what they were purported to be. Instead, a lot of startups were granted big budgets to LARP as unicorns.

Investors are no longer minting nearly two unicorns per day. In fact, we're down to barely more than one new mythical horned horse per week.

Let's find out the current premium venture investors are paying for startup shares, and see if we can find anything new compared to 2022 data.

Byju's and Swiggy, among the biggest Indian startups, are taking a haircut in their valuations — at least in the eyes of their backers.

Amid the chaos, there are rays of good news: PagerDuty and UiPath posted impressive earnings reports, and software valuations bounced off recent lows.

When it comes to startup valuations, no one seems to expect things to go back to 2021. But better? Who doesn't love that?

Recent data from SVB indicates that quite a lot of unicorns still have plenty of runway.

In the case of Unity, the lesson is simple: It's hard as hell to earn, let alone defend, a 10x revenue multiple in today's market.

If you are growing slower than 30%, there is a strong chance that you will never be able to match your 2021 valuation.

Valuing startups is an established process today, but do the methods employed apply equally to pre-revenue companies using novel AI?

Founders are at a distinct disadvantage in the valuation game. By design, VCs play this game far better than most founders ever will.

According to data from Cooley, down rounds, while up from near extinction last year, remain depressed compared to recent history.

The interim rate of return method allows convertible instruments to get back to basics, avoiding discussions of early-stage value.

Forge data provides a fascinating lens into how fast things changed and offers advice to startups when it comes to taking lumps in the fundraising market.

It's becoming clearer that whatever the hell happened in the past couple of years no new-normal. It was just a party that has since wound down.

Fintech unicorns and decacorns are not immune to challenging economic and fundraising conditions. VCs unpack what's going on.

Let's examine the pain that late-stage startups are dealing with today, and what it could mean for unicorns jammed between changing venture preferences and a seemingly closed IPO market.

Valuations have been top of mind this year as VCs navigate their overvalued portfolios and founders scramble to conserve cash and grow into lofty valuations.

If unicorns are not able to raise as much this year as they did in, say, 2019, how many of the billion-dollar-plus startups are going to survive?