Venero Capital Advisors reposted this
Raised $1.8B+. Last valued at $8.3B. Selling for $150M-$200M. Big troubles in unicorn land. 🦄 A lot of investors are finding out the hard way that exit markets aren’t sufficiently large enough, or active enough, to support all the money that went into tech companies in recent years, especially those with crazy high valuations. Throwback to the company I met a few weeks ago, who had raised at 25x ARR and were wondering if they can turn around and exit at the same valuation a few months later.
VERCIDA™️-ESG-D&I to EVP Talent Attraction.
2moI hear a lot of people even at a smaller level saying how they have raised working capital and as a result their business is worth X, when the reality is they have not yet proven concept or had decent sales. Seems some are good with the story and not so much with the end delivery.