The rise of low-margin, no-margin unicorns

The rise of low-margin, no-margin unicorns

Yesterday evening, Vroom, a digital used car retailer, priced its IPO at $22 per share, a figure that was a full $7 above the low end of its first proposed IPO price range. The venture-backed firm first proposed a $15 to $17 per-share IPO price range, which it later...
Enterprise investors remain flexible as they navigate COVID-19

Enterprise investors remain flexible as they navigate COVID-19

One would think it’s a given that investment strategies would change in the strange times we find ourselves. With the economy staggering and so much general uncertainty, it seems caution would be the watchword of the day, especially in the enterprise. But enterprise...