As regular readers know, we’ve spent the fall sloshing around conflicting stats, bombastic grandstanding, and endless fretting of what’s about to happen to the venture landscape any minute.
Many hoped for some deus ex free-market-a catalyst of a crash coming in the form of –most recently– Square’s IPO. But that too had mixed results: Slashed price to get the deal done, but a decent pop the first day of trading. OK.
Third quarter data is starting to come out and — surprise! — it’s still a mixed bag.
The positive? Somehow mega rounds keep coming, unicorns keep popping out of the metaphorical unicorn womb of Sand Hill Road. In fact, the pace of unicorn-deals in the third quarter matched the previous one, the highest of the year so far. Just this week, there were reports that DoorDash is about to join the club.
So how about a big, steaming pile of negative? CB Insights just released its third quarter exits report.
Oh right, exits. Money coming out of the industry. When it all turns into actual real dollars.
TL;DR: They continue to totally suck. In fact, they suck worse…