CNBC
•83% Informative
Sequoia Capital and Andreessen Horowitz invested $50 million each in Instacart at the tech market's peak in 2021 .
That's more than 75% below where they invested in early 2021 .
The delivery economy was booming because of Covid shutdowns and demand for goods was booming.
Even with the changing market conditions, the company has continued to grow.
Even if Instacart 's IPO can't lift its valuation anywhere near its Covid -era peak, it's likely that Sequoia, Andreessen and other venture firms are hoping it helps lift public investor enthusiasm for new tech stocks. Arm, which was taken private by SoftBank in 2016 , reentered the public market on Thursday and jumped 25% in its debut. WATCH: Arm is IPOing profitably.
VR Score
86
Informative language
88
Neutral language
17
Article tone
formal
Language
English
Language complexity
44
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
5
Source diversity
4
Affiliate links
no affiliate links