Both Sequoia's and Andreessen's 2021 Instacart investments takes a hit

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[{"selector":"#anim-c116b4ee-17e3-4bd4-9fb3-a0a29d6f31a5","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-de994ded-5d87-4036-82c3-bc448403cc70","keyframes":{"transform":["translate3d(0px, 150.12348%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f3fa5ad5-94cc-4379-a448-59d3c7e7b1ab","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-011a8a75-7cb8-4d10-ac95-bdbdac7f04ed","keyframes":{"transform":["translate3d(-153.49999%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ddb4e675-cabc-4feb-9df1-bbc4a9d4bb99 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0.017410154948761893%, 8.191289622030638%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Venture firms Sequoia and Andreesen invested in Instacart at $125/share in 2021 when Covid increased dependency on all delivery apps. White Scribbled Underline

[{"selector":"#anim-494c8e82-e5c0-443f-8171-fd42f64e73ca","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ea367daa-193f-4c52-a73b-af76c1502a15","keyframes":{"transform":["translate3d(0px, 156.79016%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2641ddb1-634b-4c53-8652-60f313c68ec3","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1c78c9ab-22f5-4443-80a9-de3c010ee601","keyframes":{"transform":["translate3d(-153.49999%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7af45291-7e8c-4bfb-a3d5-363237775605","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5447f7df-8684-4c7f-810f-7b445d34565a","keyframes":{"transform":["translate3d(0px, -93.54758%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] There was a drop in Instacart valuations once people started shopping in person again - capital costs and interest rates grew, and budgets dropped. White Scribbled Underline

[{"selector":"#anim-0adb83c6-6662-464d-8745-2422e47ac3bb","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1560236b-5ad2-4e2a-bff6-3f643b155268","keyframes":{"transform":["translate3d(0px, 209.34346%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-559293d6-a7e6-42e7-8492-2c2d8e441fb0","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a729d8e1-fa45-4779-8134-0f62da26b585","keyframes":{"transform":["translate3d(-153.49999%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b2ce7318-00ec-4efb-91e6-582f97d01f5a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ca9c9371-b70b-4b84-aa7c-8014156b13ed","keyframes":{"transform":["translate3d(0px, -95.96548%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Instacart has continued to grow despite this but at a much slower pace. White Scribbled Underline

[{"selector":"#anim-5b3f910b-d8c7-4503-bfd3-9d0c26f837ec","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b97118b8-08fb-422d-bf33-5573e513b117","keyframes":{"transform":["translate3d(0px, 160.41207%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f51aa4fd-ffb2-4328-b112-6b39ddaa00dc","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-87f95e1c-5a3b-4c04-b815-a5435a21006d","keyframes":{"transform":["translate3d(-153.49999%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9dd895d3-e5b4-4cff-880d-66485ca40b2c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(7.812499744007886%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] However, if the stock prices hold, there is still hope for limited partners to profit. Shares cannot be sold until 180 days after going public. White Scribbled Underline

[{"selector":"#anim-e773eb6a-d633-4b60-8d6b-ed6e4114bfaa","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-34520ecd-93c5-4351-8b15-e8cb35a0a550","keyframes":{"transform":["translate3d(0px, 162.39880%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1cecbccc-6598-4cfd-8716-28a2a66c8a26","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1cb71e64-ed06-4f1a-982c-f5ccd9e765f6","keyframes":{"transform":["translate3d(-153.49999%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d8ebe236-ed7e-49a6-8ecf-b6dc06ba8ca9 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-41.48689612400977%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Experts believe this is a good time to invest in Instacart, riding on the wave of high-profile companies going public successfully. White Scribbled Underline