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BullNBear52

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BullNBear52

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Re: EZ2 post# 54219

Saturday, 09/16/2023 12:56:09 PM

Saturday, September 16, 2023 12:56:09 PM

Post# of 54401
Underwater before the IPO launches.

Sequoia and Andreessen to take a huge hit on their 2021 Instacart investment, after a 75% plunge in valuation
PUBLISHED FRI, SEP 15 20233:44 PM EDTUPDATED FRI, SEP 15 20236:39 PM EDT
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Ari Levy

KEY POINTS
Venture firms Sequoia and Andreessen Horowitz invested $50 million each in Instacart at the tech market’s peak in 2021.
Based on Instacart’s latest IPO prospectus, the value of those investments has sunk by more than three-quarters.
Instacart is trying to crack open an IPO market that’s been closed for venture-backed companies for 21 months, but it won’t be easy.

https://www.cnbc.com/2023/09/15/sequoia-andreessen-set-to-take-massive-hit-on-2021-instacart-investment.html

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