TLDR:
Key Points:
- Recent funding rounds for high-profile unicorns show top VCs supporting a few companies at premium valuations.
- Some unicorns have not raised fresh funding since the downturn began in 2022.
The article discusses the current state of growth investing, highlighting recent funding rounds for unicorns such as Rippling and Ramp. These companies have seen significant increases in valuation, with insider-driven funding rounds led by top VCs. However, while these unicorns are thriving, many others have not raised fresh funding since the market downturn in 2022.
The article emphasizes the divide between unicorn ‘haves’ and ‘have-nots’, noting that until the public markets become more cooperative, this situation is unlikely to change. The uncertainty surrounding IPOs and the implications for LPs and investors are also discussed, with some experts debating the reasons behind companies staying private.
Overall, the article explores the challenges faced by both successful unicorns and those struggling to secure new funding, highlighting the complexities of the current venture capital landscape and the impact of market conditions on startup growth and sustainability.
