Startups Weekly: Will Trump ruin the unicorn IPOs of our dreams?
12 Jan 2019 7:30 AM GMT
We explore the government shutdown's connection to tech IPOs, recount the demise of a well-funded AR project and introduce readers to an AI-enabled self-checkout shopping cart in this week's startups weekly.
- The government shutdown entered its 21st day on Friday, upping concerns of potentially long-lasting impacts on the U.S. stock market.
- Others were giddy to hear Lyft, Pinterest, Postmates and Slack (via a direct listing, according to the latest reports) were likely to IPO in 2019, too.
- This week, we explored the government’s shutdown’s connection to tech IPOs, recounted the demise of a well-funded AR project and introduced readers to an AI-enabled self-checkout shopping cart.
- The company, an early entrant to the billion-dollar food delivery wars, raised what will likely be its last round of private capital.
- The $100 million cash infusion was led by BlackRock and valued Postmates at $1.85 billion, up from the $1.2 billion valuation it garnered with its unicorn round in 2018.
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