Three Basic Rules: Dilution, Dilution, Dilution
Take a sample of 100 venture-backed companies successful enough to undertake an initial public offering. In a high percentage of the transactions, the prospectus discloses that the earliest stage investors (founders and angels) wind up with close to trivial equity percentages and thus, puny returns on their investment in the company. One would think that these investors are entitled to […]
Investor Highlight: General Catalyst
General Catalyst is one of the prominent investors in the U.S. Venture Capital space. We have seen them invest in top companies like Maplebear (Instacart), Devoted Health, and Gusto. We most recently saw one of their portfolio companies, Lessen, file for a new preferred stock round that could bring in $400 million in equity for […]
Real Estate Platform, Lessen, is raising $400 million in new Series C funding round
Lessen, Inc. has just authorized a new Series C preferred stock which could increase the valuation to $2.27 billion if all Series C shares are issued. The real estate property services company is previously backed by Navitas Capital, General Catalyst, Khosla and Fifth Wall. The most recent Series C round follows $170 million raised for […]
Another December Markdown
Temporal Technologies took a 47% markdown according to the Prime Unicorn Index.
Locus Robotics has a new down round
Locus Robotics has just authorized a new Series F preferred stock which could slightly increase the valuation to $1.97 billion if all Series F shares are issued. The autonomous mobile robot company is previously backed by Tiger Global, Scale Venture Partners, Zebra Ventures and other strategic investors. The most recent Series F round follows $12 […]
Inari Agriculture is raising $150 Million
Inari Agriculture has just authorized a new Series E preferred stock which could increase the valuation to $1.6 billion if all Series E shares are issued. The sustainable food system company is previously backed by Alexandria Venture Investments, Flagship Pioneering, Pavilion Capital, G Squared, and other stratgic investors. The most recent Series E round follows […]
Whatnot Has a New $310 Million Series D Round
Whatnot has just authorized a new Series D preferred stock which could increase the valuation to $3.8 billion if all Series D shares are issued. The live stream platform and marketplace is previously backed by CapitalG, Y Combinator, A16Z and other stratgic investors. The most recent Series D round follows $141 million raised for Series […]
TripActions has a new $500 Million Series G Round
TripActions has just authorized a new Series G preferred stock which could increase the valuation to $8.14 billion if all Series G shares are issued. The business travel management company is previously backed by Base Partners, Elad Gil, Greenoaks Capital Management, Zeev Ventures, Lightspeed Venture Partners, A16Z, and Addition Ventures to name a few. The […]
A Case for Down Rounds: Featuring Allbirds (BIRD)
Anduril Industries has a new $1.2 Billion series E round
Anduril Industries has just authorized a new Series E preferred stock which could increase the valuation to $6.65 billion if all Series E shares are issued. The defence technology company is previously backed by D1 Capital Partners, Valor Equity Partners, Lux Capital, General Catalyst, Founders Fund 8VC and A16Z to name a few. The most […]