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The most interesting part of this article to me (from mid-2021) is the view of the world's most valuable startups: - ByteDance $140b - Stripe $95b - SpaceX $74

• thundergolfer 4y ago
  That's missing Canva, which at the time was $40B, putting it 5th on that list. Canva is now in the $20-24B range.
  • ushakov 4y ago
    what happened to their valuation?
    • JumpCrisscross 4y ago
      > what happened to their valuation? Figma got acquired by an enterprise superpower, simultaneously creating a Kraken of a competitor and closing a path to exit. Canva are also one of the worse companies with shareholder liquidity, which I know in at least a few cases lead to fire-sale dispositions.
      • urthor 4y ago
        Do those events change the fundamentals though? Canva's bottom line is still excellent. The previous valuation was just PE froth. Canva just raised money at the top of the market at an absurd valuation, but it's the cash flow that matters.
        • thundergolfer 4y ago
          I really don't know what the person is on about. > Canva are also one of the worse companies with shareholder liquidity, which I know in at least a few cases lead to fire-sale dispositions. "dispositions"? Makes no sense in the context. I worked at Canva and got to sell 20% in 2020 and 2021, the latter at the $40B valuation. So as a shareholder I'm relatively happy with the amount of liquidity in the stock.
          • JumpCrisscross 4y ago
            > "dispositions"? Makes no sense in the context You’re describing tenders. They’re fine for small-scale planned liquidity. If a fund hits a risk limit, on the other hand, and must sell before the end of the year for compliance reasons, and the company is known to block transfers, the solution is a financially-engineered mechanism that throws off buyers and reduces the price. This liquidity discount gives management more control at the expense of shareholders. It’s also commonly priced into valuation expectations, at least by investors who aren’t all froth.
            • urthor 4y ago
              You're describing a theoretical situation. While that can definitely occur, I strongly doubt that's what has happened to Canva.
              • JumpCrisscross 4y ago
                > describing a theoretical situation Nope.
        • deleted 4y ago
          [deleted]
    • thundergolfer 4y ago
      The same that happened to the valuations of the rest of the companies on the list. There's been a massive haircut across private software companies in the last 12-18 months. Stripe has had a similar fall in valuation.
• candiddevmike 4y ago
  "Startups"
  • bananaboy 4y ago
    Yeah all those companies except Nubank were founded at least 10 year ago (Nubank being nine). Epic was founded 32 years ago!
    • ricardonunez 4y ago
      Was my first thought. Looking at Epic on the list my first thought was Steve Buscemi’s meme “how do you do fellow start ups.”