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:
https://x.com/b_nicks11/status/1706697905153687557?s=46&t=3M0KdWHI2R4FjKbL-WWA5A
Other useful reads:
https://aswathdamodaran.blogspot.com/2023/09/putting-instacart-before-grocery-horse.html