Saturday, November 14, 2015

MongoDB, Turn, Roku join list of Silicon Valley startups with valuation estimates cut by Fidelity - Silicon Valley Business Journal

Difficult days in the NoSQL unicorn club

"MongoDB got the biggest haircut among the latest companies whose markdowns have come to light. Fidelity valued its investment at $32 million in October 2013, but now figures it is worth just $14.77 million. That's down nearly 12 percent since the end of May and an eye-popping drop of 54 percent in the past two years. MongoDB was reportedly valued at $1.6 billion when it raised funds early this year."
MongoDB, Turn, Roku join list of Silicon Valley startups with valuation estimates cut by Fidelity - Silicon Valley Business Journal
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