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We love a counternarrative angle these days, and this week’s choice is a look into why lower valuations may actually be a good thing for startups these days.
In the past few months, both Stripe and Instacart have seen their internal valuations updated in a 409A appraisal process. The startups saw their valuations being slashed by 28% and 38%, respectively, as a result of the appraisals. Anita Ramaswamy and I looked into 409As and learned about an entirely diff
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