Bye Bye, Mon Unicorn
With the downturn in the unicorn market, founders have lost much of their power with investors. “New unicorns are plummeting. Here’s how volatile markets and shrinking valuations are shifting power from founders to investors, CB Insights reported, and venture funding to startups is ebbing.
Even those certain funds and investors who had ridden to rock star status in the last decade plus with those outsized returns are being scrutinized more closely, especially by the tech press. While new funds are still being raised, existing funds raising follow on funds and investors are still writing checks – albeit more cautiously these days, Adam Newmann and A16z’s investment into Flow aside – if it’s not full-on investor winter in many quarters, we’re certainly getting close.