Not A Nice Week for FinTech VC
Not a nice week for FinTech Venture Capital and here are the five points why:
- Square’s IPO range implies a substantial down round
- Fidelity & Blackrock start marking down unicorn valuations
- LoanDepot has postponed its IPO
- LendingClub’s shares have fallen below their IPO price
- On Deck Capital is down > 50% YTD
