4 ms·

Is this the first total collapse of a "unicorn" this time around? I can't think of any recent, high profile disintegrations of this order of magnitude.

meddlepal 9y ago
Was Theranos really a unicorn? I'd barely heard of them until this story broke.
- minimaxir 9y ago
  Theranos had received a $9 Billion valuation at its peak. https://www.forbes.com/sites/roomykhan/2017/02/17/theranos-9-billion-evaporatedstanford-expert-whose-questions-ignited-the-unicorn-trouble/ https://www.forbes.com/sites/roomykhan/2017/02/17/theranos-9...
- dpiers 9y ago
  Yes, they raised $350MM at a $9 billion valuation, and Holmes was hailed as the next Silicon Valley wunderkind.
  - Nanite 9y ago
    Bit more actually, closer to $700M.
    - Nanite 9y ago
      Why is this downvoted? it's true : https://www.crunchbase.com/organization/theranos#/entity https://www.crunchbase.com/organization/theranos#/entity
dpiers 9y ago
Gilt Groupe and Fab both sold at significantly lower values than they had previously raised at, not sure if that counts as a "total collapse". I predict the next one will be Hampton Creek, given the criminal probe into their fraudulent buy-back scheme.
- ithinkinstereo 9y ago
  The federal probe into Hampton Creek has been closed. See: http://www.bizjournals.com/sanfrancisco/news/2017/03/27/hampton-creek-ceo-sec-justice-dept-mayo-probe-over.html http://www.bizjournals.com/sanfrancisco/news/2017/03/27/hamp...
inetknght 9y ago
You must have missed the Zenefits stuff. You clearly are missing out on Uber's continuing implosion, too.
- adventured 9y ago
  > total collapse Neither Zenefits nor Uber meet that definition. Uber particularly isn't even remotely close to it. Unless you consider a company still holding a ~$50 billion valuation, with $9 billion in cash + credit line, chasing down $10 billion in sales for 2017, a total collapse.

4 ms·

Is this the first total collapse of a "unicorn" this time around? I can't think of any recent, high profile disintegrations of this order of magnitude.

by JBReefer 9y ago

meddlepal 9y ago
Was Theranos really a unicorn? I'd barely heard of them until this story broke.
- minimaxir 9y ago
  Theranos had received a $9 Billion valuation at its peak. https://www.forbes.com/sites/roomykhan/2017/02/17/theranos-9-billion-evaporatedstanford-expert-whose-questions-ignited-the-unicorn-trouble/ https://www.forbes.com/sites/roomykhan/2017/02/17/theranos-9...
- dpiers 9y ago
  Yes, they raised $350MM at a $9 billion valuation, and Holmes was hailed as the next Silicon Valley wunderkind.
  - Nanite 9y ago
    Bit more actually, closer to $700M.
    - Nanite 9y ago
      Why is this downvoted? it's true : https://www.crunchbase.com/organization/theranos#/entity https://www.crunchbase.com/organization/theranos#/entity
dpiers 9y ago
Gilt Groupe and Fab both sold at significantly lower values than they had previously raised at, not sure if that counts as a "total collapse". I predict the next one will be Hampton Creek, given the criminal probe into their fraudulent buy-back scheme.
- ithinkinstereo 9y ago
  The federal probe into Hampton Creek has been closed. See: http://www.bizjournals.com/sanfrancisco/news/2017/03/27/hampton-creek-ceo-sec-justice-dept-mayo-probe-over.html http://www.bizjournals.com/sanfrancisco/news/2017/03/27/hamp...
inetknght 9y ago
You must have missed the Zenefits stuff. You clearly are missing out on Uber's continuing implosion, too.
- adventured 9y ago
  > total collapse Neither Zenefits nor Uber meet that definition. Uber particularly isn't even remotely close to it. Unless you consider a company still holding a ~$50 billion valuation, with $9 billion in cash + credit line, chasing down $10 billion in sales for 2017, a total collapse.