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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, and hundreds of other media outlets, was the Index’s stellar year-to-date return of 25.16 percent. First, a little [...]

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 [...]

JUUL Creates a Smoke Ring Around $14.72B Valuation

E-Cigarette  start-up, JUUL Labs, is now valued at $14.72B according to the Prime Unicorn Index. The Series E round was a major up swing from their prior rounds, going from $3.10 per share to $179.25 per share.

Exclusive: Warby Parker Seeks To Raise $75 Million

  Exclusive: Warby Parker Seeks To Raise $75 Million March 8, 2018 Warby Parker is looking to raise $75 million for its Series E round of financing, Cheddar has learned.The eyewear company disclosed its plans to raise money in a filing with the state of Delaware on March 7 that was signed by its president [...]