Category: Unicorn

3 unicorn takeaways from the Casper and One Medical IPOs
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3 unicorn takeaways from the Casper and One Medical IPOs

With Casper’s public offering earlier this week, we’ve closed the book on the first two venture-backed IPOs of note in 2020. Casper, joined by One Medical, carried over $870 million of private capital, venture and otherwise, across the finish line. Even though each IPO featured an unprofitable tech-enabled business that had posted sub-30% growth and…

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Shrunken unicorn Fair cancels car leasing to Uber drivers
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Shrunken unicorn Fair cancels car leasing to Uber drivers

When Fair laid off 40% of its staff in October, CEO Scott Painter promised it wasn’t shuttering leasing services to on-demand fleets. But just one week later, Painter was removed as CEO and replaced in the interim with Adam Hieber, a CFA from Fair investor SoftBank. Today, according to two sources, Fair announced at an…

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Meet Utah’s next unicorn
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Meet Utah’s next unicorn

Weave, a developer of patient communications software focused on the dental and optometry market, was the first Utah-headquartered company to graduate from Y Combinator in 2014. Now, it’s poised to enter a small but growing class startups in the ‘Silicon Slopes’ to garner ‘unicorn’ status. The business announced a $70 million Series D last week…

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Unicorn IPOs Have Incinerated $45 Billion This Year
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Unicorn IPOs Have Incinerated $45 Billion This Year

The proposed WeWork IPO has totally collapsed. Founder Adam Neumann is out as CEO, and the company has slashed real estate deal activity and fired staff. The company’s credit rating has been cut to B-, and its bonds are plunging. Softbank recently valued WeWork at $47 billion, now some analysts say it may be worth…

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