Saturday, February 7, 2015

AB Kinnevik: A Track Record of Creating Unicorns ?

Perhaps Rocket Internet AG. will end like Fab.

Please read also:
How Fab went from a USD1 billion valuation to a USD15 million fire sale
There is a large dotcom bubble fueled by venture investment funds, investors who are dragging other investors to continue investing until they can sell shares of the company and recover leveraged money, but the last holder of shares is going to lose. 

Article at Vator: The USD1B valuation club became super crowded in 2014
With valuations jumping so high, the USD1 billion club is getting easier and easier to get into. In 2014 alone, 38 different companies entered the USD1 billion club, according to a report from CB Insights. That is more than the three previous years, when only 22 companies made it combined.

Please see:
Rocket Internet AG IPO. My bet: only a fraud
Rocket Internet AG. Q2 2014 financials via AB Kinnevik

article: How red-hot startup Fab raised USD330 million and then went bust

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