Tag: instacart

Does Instacart Have a Dual Class Share Stucture In Place

No, Instacart does not have a dual-class share structure in place. As of January 8, 2024, Instacart has a single class of common stock, which means that all shareholders have equal voting rights and receive the same dividends per share.

This differs from many other tech startups, which often opt for dual-class share structures. In a dual-class structure, there are typically two classes of shares: Class A and Class B. Class A shares typically have one vote per share, while Class B shares might have 10 or even 100 votes per share. This gives the founders and early investors more control over the company, even if they don’t own a majority of the shares.

Fidelity Investments Slashing Valuations on Reddit, Stripe, Bytedance and Instacart

It seems like private market valuations for startups are getting slashed because of overall economic outlooks. In the past few months we have seen heavy declines in the public markets and now the private markets are following behind.

Fidelity Investments is cutting some of its portfolio company valuations.

  • Reddit valuation is down by more than a third.
  • Stripe valuation is down by about 13%
  • Bytedance valuation is down by 13%
  • Instacart is valued at half of its value from last year.

These are only private valuations inside of Fidelity and this was back in April – so its expected that these valuations have dropped even more since then.

It’s a tough time economically for everyone!