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“Sequoia and Andreessen to take a huge hit on their 2021 Instacart investment, after a 75% plunge in valuation”

“…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… Continue Reading…