TechCrunch Startup News
Forerunner’s long game: As startups stall before IPO, all options are on the table
Apr 16, 2025
Forerunner Ventures has shaped the landscape of consumer startups for over a decade. The discussion highlights how traditional IPOs are being re-evaluated, with brands like Warby Parker and Bonobos taking unconventional routes. There's an exploration of market dynamics that encourage strategic patience and innovation among investors. The podcast delves into the implications of these trends for the future of venture capital and evolving consumer behaviors, making it a pivotal moment for entrepreneurs.
05:11
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Forerunner Ventures illustrates a trend where successful consumer startups are increasingly bypassing traditional IPOs, opting instead for alternatives like SPACs or remaining private.
- The rise of the secondary market is enhancing price discovery for tech companies, allowing investors and startups to navigate new liquidity options while focusing on long-term growth.
Deep dives
The Shift Toward Non-Traditional IPOs
Many consumer startups, including Warby Parker and Glossier, have bypassed the traditional IPO process, reflecting a significant industry shift. Forerunner Ventures founder Kirsten Green highlights that alternatives, like special purpose acquisition vehicles, have become common, with companies now often choosing not to go public despite strong performance. For example, while Chime has filed to go public, Aura, another investment from Forerunner, has opted to delay its IPO plans, focusing instead on sustained growth. This trend illustrates how investors are adjusting to a landscape where traditional public offerings are less frequent, leading them to explore different avenues for liquidity and market participation.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
