Lemonade plans to price its shares at between $23 and $26 each in its upcoming initial public offering, according to its amended S-1 filing . The homeowners and renters insurance business intends to sell 11 million shares on the New York Stock Exchange under the ticker symbol LMND. A midpoint pricing would value the company at about $1.3 billion, a significant decrease from its most recent...
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The Relationship Model Is Killing Venture Capital
The social and racial homogeneity of the venture capital industry has long been a source of frustration for entrepreneurs and investors alike. In recent years, this frustration has boiled over into a full-fledged movement, with a growing chorus of voices arguing that venture capitalists are destroying value by overlooking founders from swaths of the population including women, people of color...
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