“Sequoia and Andreessen to take a huge hit on their 2021 Instacart investment, after a 75% plunge in valuation”
September 19, 2023
“…In its latest IPO prospectus update, filed Friday, Instacart said it plans to sell shares at $28 to $30 apiece, valuing the company at around $10 billion at the top of the range.
That’s more than 75% below where Sequoia and Andreessen invested in early 2021. At that time, Instacart sold shares at $125 a piece for a $39 billion valuation…”