The Unicorn Fire Sales Ahead

Hopin, a virtual event and webinar hosting startup, has sold its business to RingCentral and its CEO is stepping down.
The sale marks a significant decline for Hopin, which had reached a valuation of $7.8 billion in 2021 but is now worth just hundreds of millions.
This decline is part of a larger trend of struggling startups, with many unicorns from 2020 and 2021 either dying or being sold at low prices.
The struggles of these startups highlight the challenges of raising capital and the risks of holding too much debt.
Hopin is now focusing on a new video streaming product, StreamYard, with some of its later investors remaining shareholders.