The Morning Ledger: The Secretive Path Funds Follow Into Startups - btbirkett@gmail.com - Gmail
Highly valued startup Zenefits runs into turbulence. Human-resources startup Zenefits Inc. is falling short of its aggressive revenue targets and has started to curb expenses, making it the latest highly valued venture-backed company struggling to meet investor expectations. Between Aug. 1 - Sept.. 30g. 1 and Sept. 30, mutual-fund giant Fidelity Investments marked down the value of its investment in Zenefits by 48%, implying a valuation of $2.34 billion—casting doubt ! on the $4.5 billion valuation investors, including Fidelity, had placed on Zenefits in May.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment