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Blockchain.com to Announce Its IPO as It Races with Others to Join Coinbase
According to Santosh Rao, head of research at Manhattan Venture Partners, the engagement of crypto firms will largely depend on the Bitcoin price as well as the regulatory framework.
Venture Capital Is in the Dumps, But the Money Keeps Rolling In
Meanwhile, private valuations have shrunk. Stakes in pre-IPO venture-backed companies, whose last financing round was in last year’s second half, dropped an average of 60% from their previous level, by the estimate of Manhattan Venture Partners. That might involve simply blowing off some excess. “Capital markets had been running too hot,” Rodde comments.
High hopes and a mountain of dry powder have VCs poised for a soft landing
Stakes in pre-IPO companies that had their last financing event in the second half of 2021 are now trading at an average of 60% less than their previous round, according to Andrea Walne, a general partner at Manhattan Venture Partners, a secondaries-focused investment firm.
Instacart Slashes Valuation, Gopuff Plans Layoffs
Manhattan Venture Partners General Partner Andrea Walne joins Bloomberg Technology's Emily Chang to talk about Instacart's mark down, Gopuff planning layoffs to cut $40 million in costs and what the VC valuation down turn means for the industry. (Source: Bloomberg)
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