Era of mega-funded, money-losing unicorn start-ups
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Posted On: 01/23/2020 6:38:28 PM
Era of mega-funded, money-losing unicorn start-ups is coming to an end
KEY POINTS
Of the 80 companies that went public last year, 28 of them were worth $1 billion or more at the time of their IPO.
But it was the start-ups that had raised far less venture capital that performed better as IPOs.
“If you have raised more than $250mm & are NOT public, the presumption is you are losing WAY too much money, and you probably have sh***y unit economics,” veteran venture capitalist Bill Gurley recently tweeted.
https://investorshangout.com/post/newpost/92281/
KEY POINTS
Of the 80 companies that went public last year, 28 of them were worth $1 billion or more at the time of their IPO.
But it was the start-ups that had raised far less venture capital that performed better as IPOs.
“If you have raised more than $250mm & are NOT public, the presumption is you are losing WAY too much money, and you probably have sh***y unit economics,” veteran venture capitalist Bill Gurley recently tweeted.
https://investorshangout.com/post/newpost/92281/
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