Down Round Doom? The Data Says No

upsdowns A recent discussion on the tech IPO market yielded the comment “all IPOs this year were down rounds.” Square’s recent IPO priced below its last private offering, spurring Khosla (a Square investor) partner Keith Rabois to comment to The Wall Street Journal that “the steroid era of startups is over.” But the data on IPO down rounds, a concept we first reported on… Read More

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