[ad_1]
Investor in Instacart, Capital Group changed its stake in the company, reducing its valuation of the online grocery delivery service. The news follows other similar condemnations by companies such as Fidelity, which have stakes in DecaCorn.
It’s really no surprise that one more investor agreed that Instacart’s 2021 valuation was too hot. A new 409A review filed to become public in May, a few months after it downgraded its own internal estimates.
The resize, however, has us scratching our heads. If Instacart, which was able to grow dramatically during the pandemic, is worth a fraction of what investors estimated last year, what about other unicorns? How many billion dollars startup They are not Is it worth that much today? Simply, how many unicorns are now effectively eliminated before their next round of funding?
The exchange examines startups, markets and money.
Read it every morning on TechCrunch+ or get the Exchange newsletter every Saturday.
This question is important, because we often notice the number of unicorns and their prices in the market. Crunchbase, for example, counts 1,372 unicorns worth $4.6 trillion today. For reference, the tech big five (Apple, Amazon, Microsoft, Meta, and Alphabet) are worth less than $6 trillion today.
[ad_2]
Source link
