Fast Unicorns Frequently Fade – Crunchbase News

Startups that quickly rise to unicorn status commonly don’t sustain their high valuations. While some rise to bigger heights, a large constituency in sectors like scooters and instant grocery delivery haven’t lived up to high, early expectations.

To get a sense how becoming an early unicorn correlates with future success, we took a sampling of companies that passed the $1 billion value mark less than two years after founding. We then categorized them based on their ability to sustain high valuations and market growth.

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Below, we look at the cohort across three categories: fast faders, public market flops, and those for whom the verdict still awaits.

Fast Faders

First off, it’s obvious that many startups that were quick to join the unicorn herd also flamed out rather rapidly.

The poster child for this phenomenon is probably Clubhouse, the audio-based social…

Read Full Story: https://news.crunchbase.com/venture/unicorns-venture-valuations-public-markets

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source: https://news.oneseocompany.com/2022/10/05/fast-unicorns-frequently-fade-crunchbase-news_2022100532274.html

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