‘Winners Take None’ Is A Mantra For Many In The Unicorn Era

Using Crunchbase data on unicorn rounds, we put together a list of areas where startups raised gobs of cash without yet producing an emergent winner or winners. Others that raised funding when the flexible workspace sector was hot — including Knotel and Ucommune — have also struggled. An October analysis of 14 companies that went public in the prior couple years shows an average post-debut decline of more than 80%. Thrasio, Perch, Branded, Society Brands, Razor Group and others raised billions in equity funding and billions more in debt financings. Those are just a few examplesThe above are just a few examples of spaces where major funding went in, and no obvious winners have come out.