
Perhaps in the future, unicorns will go public while going public is possible
Alex Wilhelm
8 hours
Fintech startups are taking the downturn harder than most other sectors, data indicates. So much so that even the largest and best-known private fintech companies are suffering from embarrassing revaluations.
Data collected by Andreessen Horowitz, a well-known venture capital firm with a history of investing in financial technology — most recently, crypto — shows that public fintech companies are suffering from greater valuation declines than other technology categories. At the same time, new information from Fidelity’s various funds indicates that the investing giant has changed its mind about the worth of some of startup land’s highest-flying companies, including Stripe.
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There is a well-worn chestnut in Silicon Valley that no matter the market conditions, the best startups will always be able to raise. The argument implies that during looser market conditions, as we saw in parts of 2020 and 2021, startups with less co …