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Hedge Funds Gave Startups Billions. What Are They Worth?

January 5, 2023

By the end of 2022, high-flying ventures known as unicorns lost more than 40% of their value from the year’s peak, according to an estimate from private-market data provider Caplight Technologies, a sharper drop than the rout in publicly traded tech stocks and worse than the returns most hedge funds in the space reported.

Hedge Funds Gave Startups Billions. What Are They Worth?