Unicorn Companies and Strategic Partnerships

Sweetgreen and WeWork Leverage Each Other for Mutual Benefit Private companies grow in a myriad of ways. At the level of unicorn and near-unicorn valuation, strategic partnerships can help grow revenues, nurture PR and create goodwill for one or both companies as they leverage one another’s business for mutual benefit. Sweetgreen, an eco-friendly, locally sourced [...]

What Goes Up Eventually Comes Down

It’s a common misperception that the Prime Unicorn Index (Index) goes up but never goes down. The truth is that the Index can easily go down. In aggregate, the Prime Unicorn Index has not gone down over the last five years – but then again, neither has the overall stock market. The reason it has [...]

Prime Unicorn Index’s Uber and WeWork Part of Softbank CEO’s “Unicorn Hunter” Strategy

  Softbank’s CEO Masayoshi Son, is making a personal strategic shift from managing telecoms to investing in technology firms. In a Reuter’s article,  in June of this year, by journalist Sam Nussey, Son remarked, “I have spent 97 percent of my time on managing the telecoms business and only 3 percent on investing,” Son said. [...]

The Prime Unicorn Index’s Impressive Return Draws Attention from the Industry

In late October The Prime Unicorn Index, the first index to track the share price performance of privately-funded U.S. companies, announced its quarterly reconstitution. But the real news, which captured the attention of Markets Insider, Benzinga, finanzen.net and hundreds of other media outlets, was the Index’s stellar year-to-date return of 25.16 percent. First, a little [...]

Prime Unicorn Index: Q3 Trend Report

The Q3 Prime Unicorn Index Trend Report is an analysis of 102 components that comprised the Index in the third quarter of 2018. The Index includes both unicorns and “approaching unicorns,” which are private companies with a valuation of at least $500 million. Valuations for individual components are determined by an analysis of various documents, [...]

Instacart Authorizes $600M Series F Preferred Stock, Valuation close to $7 Billion

Instacart, the grocery delivery service that allows users to select groceries from items at stores like Whole Foods, Trader Joe's, Safeway, and Costco via a mobile phone or the Web, as raised a new round of financing. The Amended and Restated Certificate of Incorporation was filed 10/16/2018, and authorized $600M worth of new equity. If [...]

Prime Unicorn Index: Q2 Trend Report

The Q2 2018 Prime Unicorn Index Trend Report is an analysis of 100 components that comprised the Index in the second quarter of 2018. The Index includes both unicorns and “approaching unicorns,” which are private companies with a valuation of at least $500 million. Valuations for individual components are determined by an analysis of various [...]