Device IPOs Trickle Through
This article was originally published in Start Up
Start-Up compares valuations of recent device IPOs to those of a year ago.
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Some VCs insist that only 25%-30% of device investments find a successful exit -- significantly better than the 10% of biotech deals, but still far from a sure thing. As a result, over the past year or so, there has been a marked increase in interest in late-stage dealmaking -- investments made at Series C or later or via alternative vehicles such as PIPE deals and SPACs.
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