Valuations
Losing the horn: VCs think majority of unicorns aren’t worth $1 billion anymore
The majority of unicorns are valued at less than $2 billion, which makes it likely that most won't keep that status after their next raise.
Stripe’s internal valuation gets cut to $63 billion
Stripe, a richly valued payments startup, has cut its internal valuation yet again, according to sources familiar with the manner. It is now valued, internally, at $63 billion. The cut, first reported
Investors say web3 and hype are in for 2023, high valuations are out — maybe?
It's unlikely that many investors came close to predicting what would play out in 2022. But, hey, there's always next year.
Deal terms, fatality rates and the drawbacks of credit lines; a view from today’s most active VC firm
Yesterday, we had the chance to catch up with Fabrice Grinda, a French, New York-based serial entrepreneur who co-founded the free classifieds site OLX — now owned by Prosus — and who has
OK, now. Now we’re going to see more startups acquire other startups
Now that we are starting to see startups come to terms with lower valuations, we will start to see transactions pick up.
Startup valuations are declining — but not consistently
Some startups saw their valuations decline in 2021's bull market, some were in line with the public market, and some haven't declined at all.
A wave of late-stage startups quietly marked down their valuations in Q3
More than 150 startups received a lower 409A valuation in Q3, which prompted them to re-price their employee stock grants.
Investors have flipped their weighting of growth versus profitability
Battery's new report, The Cloud Quarterly, provides insights on what type of public SaaS companies have seen their valuation take a hit or resist in recent months and what they have in common.
Investors are turning their focus away from private shares to public stocks, says crossover investor
A lot of public market investors began elbowing their way into the world of venture-backed startups roughly a decade ago, and the ripple effects have been obvious. Think faster funding rounds across t
Understanding how investors value growth in 2021
We’re not digging into another IPO filing today. You can read all about AppLovin’s filing here, or ThredUp’s document here. This morning, instead, we’re talking about an old fa
The highest valued company in Bessemer’s annual cloud report has defied convention by staying private
This year’s Bessemer Venture Partners’ annual Cloud 100 Benchmark report was published recently and my colleague Alex Wilhelm looked at some broad trends in the report, but digging into th
How to value a startup in a downturn
The value of technology companies has fallen as the broader public markets have repriced themselves in light of COVID-19-related market and economic disruptions. And as the public markets sort out the
Is blitzscaling killing early employee equity opportunities?
Silicon Valley has many dreams. One dream — the Hollywood version anyway — is for a down-and-out founder to begin tinkering and coding in their proverbial garage, eventually building a product tha
Cryptocurrencies have already recovered from last weekend’s crash
When cryptocurrency markets crashed 20% a few days ago, I wrote “the next day or so will tell us if this was a temporary bump in the road or the start of the next major correction.” Well h
The bull case for Snapchat
Before I make a product-driven case for Snap Inc. achieving a $100B market cap by 2020, I should note that I’ve been a Snapchat bear for much of the company’s existence. That guy at the water cool
A conversation about tech M&A trends and Trump
Some very big brands outside the tech space have been stepping in to acquire technology companies as the pressure to keep up with consumer-powered digital trends touches more industries. Add in a dere
The top unicorns are overvalued
The hot air around young and savvy tech startups is not going anywhere, despite dark prophecies that saw 2016 as the “winter is coming” year. Snapchat and Airbnb are warming up on the sidelines of
Context is key for valuations
For most of the past five years, investors in software companies prized revenue growth above all else. Investors were more than willing to overlook near-term profitability (or lack thereof) in favor o
Valuation metrics show weakening for the fourth straight quarter
The law firm Fenwick & West quietly released its third-quarter venture capital survey this past Friday, and its findings aren’t exactly shocking. At the same time, they hint at problems t
When every company is a tech company, valuations go insane
Users, subscribers, growth, global expansion, minimal marginal costs, the promise of future success; this all sounds a bit like the verbiage of a tech company -- and that’s because the industry has