Pre IPO valuation cuts

Uber
taxmedaddy

Go to company page Uber

taxmedaddy
Apr 2 24 Comments

With instacart and stripe leading the way it’s clear private company valuations are correcting with the public market drops.

Which other pre IPO company do you think will see valuation drops ?

Gopuff ?
Fast ?

What about all those bloated neo banks like Brex and chime?

TC: 300k
Yoe: 2

#investments

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TOP 24 Comments
  • Amazon
    Gfatr

    Go to company page Amazon

    Gfatr
    Bolt. Currently in the offer stages and the equity numbers are just ridiculous. They even give you a sheet comparing what your equity value will be if the company is worth a 100B :D
    Apr 3 1
  • Bolt
    tcorgtfok

    Go to company page Bolt

    tcorgtfok
    Bolt is the most overvalued tech company right now and it's not close.
    Apr 2 7
    • Yeah. Its too bad, too. Because the company has a really solid culture, awesome people, decent enough talent for its maturity and size, and pretty cool benefits (4 day work week, same salary no matter where, etc)… but the equity situation is absolute 🥜
      Apr 3
    • Bolt
      tcorgtfok

      Go to company page Bolt

      tcorgtfok
      Yeah and some say you should join for the other perks you mentioned. But I'm sorry, unless you live in a trash region for SWEs (Canada maybe?), it's not worth it. The other perks don't matter when the equity situation sucks.
      Apr 3
  • Curious what happens to me. I actually think our valuation will hold.
    Apr 2 2
  • Amazon
    Qkex12

    Go to company page Amazon

    Qkex12
    I think fast will just fail. Too early stage to see a valuation drop but idk, anything’s possible in markets like these
    Apr 2 0
  • Stripe
    SxIv27

    Go to company page Stripe

    SxIv27
    Unless the company intends to raise another round i doubt they will lower their 409a or announce any drop. The only reason you heard anything about Stripe is because they had a large public institutional investor that needed to disclose, and that drop was solely based on Fidelity’s personal research.

    For context, I currently am in discussion with a late stage company who last raised in q4 and they are trying to issue shares at that round’s preferred price. Total bs but it’s hard asking for 20-50% more equity based on my own (although arguably well informed) take of the market : /
    Apr 2 1
    • Uber
      taxmedaddy

      Go to company page Uber

      taxmedaddy
      OP
      Of course the companies that raised in the later half of 2021 are good because they probably have enough runway and don’t have to tip their hand.

      I recently did that too and hence asked about this because I’m still worried if I got in at a super inflated valuation.
      Probably best to ask solely based on merit and interview performance. Questioning their fundamentals is a hard idea to sell.
      Apr 2