‘Tidal Wave’ of Down Rounds Hits Startups — The Information

‘Tidal Wave’ of Down Rounds Hits Startups — The Information

Turntide Technologies, a maker of electric motor systems backed by Bill Gates–founded Breakthrough Energy Ventures, was one of the more than 300 private companies that passed the $1 billion valuation threshold last year, putting it firmly into unicorn status. It’s not worth close to that …

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