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 [...]

LimeBike Authorizes $300M at $1B Valuation

LimeBike filed an Amended and Restated Certificate of Incorporation on July 3, 2018 authorizing the sale of up to $300M shares of Series C Preferred Stock. If all shares are sold the company will have a post-money valuation north of $1B, making it the newest Unicorn. Here's a look at the Price Per Share increase [...]

Unicorn IPO Outlook: Zuora files S-1

Prime Unicorn Index component company Zuora filed their S-1. Here's how they are currently tracking against the index: Here’s a visual breakdown of Zuora's preferred & common share price history over the years:   Since incorporating in 2006, Zuora has successfully raised over $243M. Here's the funding breakdown: Zuora's Post-Money Valuation of $671M is based [...]