New Fund Targets Stranded Unicorns

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New Fund Targets Stranded Unicorns
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A new fund launched by Lauren Bonner and Arun Mittal is looking to buy up startups that have been ‘abandoned’ by traditional venture-capital firms

For every $1 billion-plus private company, there is another startup struggling to raise funds in a venture-capital world obsessed with growth.

and the number of unicorns world-wide to more than 800. But as VC firms search for the next Beyond Meat Inc., they are quick to abandon companies they believe will never become darlings of private and public investors.

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