The $400M Fire Sale That Proves Your Startup’s Valuation Is a Trap
Domo’s $400M sale to Progress Software wasn’t a success—it was a fire sale that exposed the structural trap of hyper-inflated VC valuations. The $2 billion unicorn became a distressed asset, destroying late-stage investor capital and employee equity. Founders and employees: a high paper valuation is a leash, not wealth.