Get the latest tech news
Counting down to the Reddit IPO (again)
Let's make one thing clear: Reddit going public in the first quarter is not going to throw the IPO window wide open for other private tech companies.
Now, before the rumor mill gets going, let’s make one thing clear: Reddit going public in the first quarter is not going to throw the IPO window wide open for other tech companies waiting to exit. Still, if Reddit manages to pull off a strong IPO, it would help make going public palatable for companies of all sorts. This morning, Cowboy Ventures’ founder Aileen Lee wrote a long-awaited follow-up to her original 2013 article in which she coined the term “unicorn.” The new article is illuminating on many fronts, but one line stuck with me: Of the 532 unicorns that Lee and Cowboy Ventures count in the U.S. today, there have been very few exits, with only 7% (35 companies) going public compared to 66% a decade ago.
Or read this on TechCrunch
