A wave of late-stage startups quietly marked down their valuations in Q3

Quick Summary:

More than 150 startups received a lower 409a valuation in Q3, which prompted them to reprice their employee stock grants.

Because employee stock grants are tied to a company’s 409a valuation — a third-party appraisal of a company’s fair market value.

The total of 18,629 repricings was up 260% from the 7,165 that were repriced in Q2.

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Article Details

Author / Journalist: Rebecca Szkutak

Category: Technology

Markets: United States

Topics: Venture Carta Venture capital Startups EC venture capital Valuations

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-23 @ 18:30:22 (2 months ago)

News Timezone: GMT -5:00

Ranking: #27 (out of 2916 stories this day)

News Source URL: techcrunch.com

Language: English

Article Length: 154 words

Reading Time: 1 minutes read

Sentences: 8 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 1893026

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