- Nearly half of America’s 857 unicorn startups haven’t raised fresh funding in three years
- Startups that last raised in 2021 are worth 68% less on average, while those that last raised in 2022 have seen their valuations decline 52%.
- More than 220 companies that once hit billion-dollar valuations are now considered “fallen unicorns” — including Glossier, Savage X Fenty, AG1 and The Farmer’s Dog
Post-GPT startups are running laps around their older competitors as generative AI may ultimately reduce the amount of capital required to build successful software companies, challenging one of the core assumptions that fueled the venture boom of the past decade
