Happy sunday dude novice nerds.
Today we are talking about risk in the gambling sense of the word. You see, there’s a way for unicorns to avoid painful dilution the next time they raise capital, and it seems that many of the world’s multibillion-dollar startups are taking the chance. But new data indicates that the gamble that some of the best-funded startups in the world are taking may be more wishful thinking than intelligent gambling.
Here’s the gist: Unicorns, many of which raised capital during the 2021 boom at valuations no longer in line with market standards, are waiting to raise capital until conditions improve. The gamble they are taking is that they can survive on their last amount of money long enough to get through a valuation trough and raise the other side when prices improve.
To understand what’s going on, let’s talk about unicorn funding events, the state of valuations, and how long it could last. This is going to be a blast.
Janice has been with businesskinda for 5 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider businesskinda team, Janice seeks to understand an audience before creating memorable, persuasive copy.