Summary:
- Instacart (YC startup) went to IPO at $30/share on Sep 18, 2023
- Seed and series A investors got 125x return (without factoring in dilution)
- Late stage investors got negative returns
- Late stage VC seems like easy money (as you get to invest in derisked businesses only and just flip them before the IPO) but is very hard in reality. Source:
The various stages and stock price:
Other useful reads: