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Private valuations of startups have become more structured, using public market comparables and independent scrutiny. Australian venture capital firm Blackbird has written down the valuations of its portfolio companies, including Culture Amp and SafetyCulture.
Private valuations of startups have evolved in recent years. They are now based on public market comparables and independent scrutiny. Blackbird, an Australian venture capital firm, has written down the valuations of some of its portfolio companies. This includes Culture Amp and SafetyCulture. Culture Amp's markdown reflects its company performance. The company had cut 6% of its workforce and was struggling to maintain momentum.
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