05/09/2016
What do you call one of last year’s Unicorn’s that is sold for 3 cents on the dollar? Voldemort’s Victim? Rollercoaster Ride? In early 2014 One Kings Lane raised $100m on a valuation of $900m. Iin June 2016 it sold to BB&B for less than $30m. So where did 96.7% of its value go in the intervening 30 months (thats $29m/month) ? http://on.recode.net/2bDrTNq
In the wake of two huge e-commerce acquisitions, a reminder of the tough ones.