Thirteen years after its inception, Forerunner Ventures has played a pivotal role in shaping consumer startups like Warby Parker and Glossier, which have chosen alternative paths to going public. Founder Kirsten Green believes that the emergence of alternate IPO routes signifies innovation rather than failure. Companies such as Chime and Ōura underline this trend, showcasing impressive valuations without adhering to traditional IPO processes. Green highlighted the investment landscape's adaptation to fewer public offerings, noting Forerunner's proactive engagement in the secondary market as a strategic measure for managing liquidity.
In today's landscape, nearly every alternative to the traditional IPO has become the new norm, reflecting a significant shift in the approach to going public.
Green emphasized that investors have adapted to a world with fewer conventional public offerings, increasing engagement in the secondary market for liquidity.
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