Hints and tips:
...Stripe has been emblematic of venture-backed companies’ boom and bust in recent years — soaring to a $95bn valuation during what Collison describes as “the peak of the madness in 2021” before cutting its...
...If Instacart can successfully list at a lower valuation than its peak private mark, it will set an important precedent for other IPO candidates....
...Regulators have placed a cap on Boeing’s production capacity following the harrowing mid-air panel blowout on an Alaska Airlines flight in January. This in turn means delivery delays....
...The deal values Stripe at $65bn, which is higher than its $50bn valuation a year ago — but far below its peak value of $95bn in 2021....
...The group’s market capitalisation has almost halved from its late-2021 peak of $1.2tn, when investors’ faith in the messianic powers of Musk went unquestioned....
...Venture capitalists poured billions into so-called micromobility upstarts. So much for that. Bird Global, the e-scooter rental pioneer, has filed for Chapter 11 bankruptcy protection....
...Investments in Tesla helped her to a gain of more than 150 per cent in 2020, and the ETF is still nowhere close to its early-2021 peak — the best part of 70 per cent behind it, in fact....
...Expected to produce about 180,000 barrels a day at its peak, Willow would account for roughly 1.5 per cent of current US oil production....
...Hotel Chocolat last year announced the closure of its US stores after heavy losses and wrote off its investment in a Japanese joint venture. The company has since agreed a new joint venture in Japan....
...It sprung out of a joint venture between CrownQuest and private equity house Lime Rock in 2007....
...The marketing technology company continued to grow rapidly through the pandemic while others were cutting back and is trading close to its peak private valuation of $9.5bn, set in 2021....
...Its shares are below their IPO value and have lost more than 85 per cent since their 2021 peak....
...The California-based company has some way to go to regain its peak private market valuation....
...Stripe was Silicon Valley’s most feted start-up as it rode bubbly private markets to investment from top venture funds....
...Additional reporting by Kensaku Ihara and Peggy Ye A version of this article was first published by Nikkei Asia on November 16. ©2023 Nikkei Inc. All rights reserved....
...At its peak, Byju’s employed as many as 50,000 people....
...The others were venture capital firm Sequoia India (now Peak XV) and the Chan-Zuckerberg Initiative, Meta founder Mark Zuckerberg’s philanthropic fund....
...This was in the midst of the cold war, and I remember vividly that the Japan Airlines flight we took to Europe went via Anchorage, Alaska....
...At its peak, ConocoPhillips says Willow will pump 180,000 barrels a day of oil — about 1.5 per cent of current US output....
...Tipatat Chennavasin, co-founder of the Venture Reality Fund, said it remained unclear how long it would take such technologies to mature....
...Substack was also hitting up venture capitalists for more money last year, but apparently failed to entice anyone....
...In total, Lazard’s venture and growth banking team totals 25 people....
...Innovation ETF, run by the high-profile, techno-optimist fund manager Cathie Wood who invested heavily in racy tech stocks such as Tesla, Zoom and Coinbase, are currently trading at just 21 per cent of their peak...
...More than $400bn in market value has been wiped from European tech groups since the peak of the 2021 boom, as venture capital dealmaking has caved to the pressures of high inflation, rising interest rates...
...The pile-in from three such investors shows how far Salesforce’s star has fallen since its coronavirus pandemic peak, with the company shedding about $170bn from its valuation....
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