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Startups

IPO or Acquisition? How Startup Exits Actually Work, With Numbers

A startup exit turns illiquid private shares into cash or tradable stock, through an initial public offering or an acquisition. Klarna's 2025 New York listing offered 34,311,274 shares at an expected $35 to $37 (announced); IBM's completed HashiCorp buyout was struck at $35 per share in cash…

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Startups

What Public Startup Post-Mortems Reveal About Why Good Companies Die

Zillow wound down its Zillow Offers home-flipping business and announced a roughly 25 percent workforce reduction in an SEC filing dated November 2, 2021 (filed). Fast, a checkout startup, shut down on April 5, 2022 after raising about $124 million (reported, Payments Dive). Public shutdown…

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Startups

How Startup Accelerators Actually Work, According to Y Combinator

Y Combinator, the accelerator that pioneered the batch model, runs a three-month program four times a year and invests $500,000 in every company it accepts, according to its published program documentation. The standard deal is $125,000 for 7 percent on a post-money SAFE plus $375,000 on an…

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Startups

How a $126 Million Series C Dilutes the Founders Who Started It

Hippocratic AI's $126 million Series C, announced November 3, 2025 at a $3.5 billion valuation, bought growth capital by selling roughly 3.6 percent of the company, and every existing shareholder's stake shrank by that fraction. Dilution is the mechanic every priced round uses, and the…

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Startups

Hippocratic AI Raises $126 Million Series C at $3.5 Billion Valuation

Hippocratic AI, a Palo Alto startup building generative AI agents for healthcare, has closed a $126 million Series C at a $3.5 billion valuation, the company announced on November 3, 2025. The round was led by Avenir Growth Capital and brings total funding to $404 million, according to the…