Andreessen Horowitz Merges Fintech and Consumer Teams After Some Bets FizzleRead more

Briefing

Patreon’s Valuation Dropped 70%

By
Mahira Dayal
· · Source: Insider

Patreon’s internal valuation fell 70% over the past year, according to a memo sent to staff in September, Insider reported. The 409A valuation, calculated by a third party firm to measure the value of one share of its stock, is different from the $4 billion post-money valuation it fetched in April 2021 when it raised  $155 million in Series F funding round from Tiger Global. In August, it...

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