13 years in the past, Forerunner Ventures started serving to to usher in a brand new period of client startups, together with Warby Parker, Bonobos, and Glossier. None has gone by means of a standard IPO course of. Warby Parker was taken public by means of a particular objective acquisition car. Bonobos was acquired by Walmart. Glossier continues to be privately held, together with many different design-forward manufacturers in Forerunner’s portfolio.
That’s not a failure, in response to Forerunner founder Kirsten Inexperienced. In at the moment’s panorama, almost each various to the standard IPO has turn into the brand new norm.
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