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Is it time to thin out the herd of unicorns? | PitchBook

Is it time to thin out the herd of unicorns? | PitchBook

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Nearly a decade after the term “unicorn” was coined, perhaps the best and brightest venture capital firms have finally outgrown what the ecosystem can handle. Their rise is the product of business models that generated growth with cheap money, and the financial conditions that made that model possible have changed profoundly. Starting in 2021 and …

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More Late Valuation Cuts Loom as Startups Miss Revenue Targets | PitchBook

More Late Valuation Cuts Loom as Startups Miss Revenue Targets | PitchBook

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When Instacart lowered its internal valuation from $39 billion to $24 billion in March, many in the VC ecosystem wondered if other startups would follow in the grocery delivery specialist’s footsteps. Several months later, Stripe, one of the largest and most watched venture capital-backed companies, made a similar decision. The fintech specialist reduced the value …

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