Sweetgreen is an incredibly well-backed unicorn that just happens to make salads instead of, say, enterprise software.
Future tech exits have a lot to live up to
Investors appear to be betting that the future IPO market will accelerate at attractive prices. Otherwise, none of what we are seeing regarding the rising price of startups makes sense.
Robinhood’s CFO says it was ready to go public
Robinhood says it went public because it was ready. And our read of the markets is that it’s an appealing time for high-growth tech companies with a history of losses to do so. Yet it’s underwater.
Duolingo’s IPO pricing is great news for edtech startups
Duolingo, a consumer edtech company, is now more valuable per revenue dollar than the median public enterprise SaaS business.