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We are already past the peak of the unicorn.
In the end In the 2019 quarter, startup funding rounds hit a local low of $100 million or more. With 103 such deals, $22.7 billion was paid in Q4 2019 in nine-figure frames. That dollar figure rose in early 2020, only to retreat in the second quarter of the pandemic. But since that moment, giant rounds for startups have risen steadily through 2021, according to CB Insights data.
That growth marked one of the most spectacular private market value creations. But since the go-go-go year of 2021 has come to a close, things have changed for the most valuable startups. And the change is not positive.
The exchange examines startups, markets and money.
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The data suggests that the rate of unicorn births — the rate at which new startups clear the $1 billion valuation stage — has slowed; So-called mega rounds worth $100 million or more have fallen in value. And the larger capital market is diversifying investments into early-stage companies.
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