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With most startups having repriced driving shut doors, we like acquiring details that provides us a glimpse of what is likely on. This week, our new info will come from EquityZen, which shared insights on secondary inventory profits. EquityZen also place up a couple of IPO predictions that gave us foodstuff for assumed. Let us check out. — Anna
A glimpse of repricing
How do you know when a unicorn has lost its billion-greenback valuation? Typically you only uncover out long right after the reality, when — and if — the business raises a down spherical that can make it apparent that its equity valuation is no for a longer time in the unicorn realm.
The point is, not many founders want to publicize that they have raised money at a reduced valuation than their prior round in most instances, they just will not disclose their new valuation.
As market observers, this leaves us with little info on a subject that our viewers do care about: What kind of repricing they could count on. This is why we ended up grateful for Instacart, which produced it general public that it reduced its valuation by a 409A price improve. This was not great news, but it was a beneficial details stage for anyone associated. Even so, that was back in March.