Casper CEO's obsession with a $1 billion 'unicorn' valuation reportedly derailed 3 potential buyouts
Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Casper CEO Philip Krim's obsession with securing a $1 billion "unicorn" valuation derailed three potential buyouts of the online mattress seller,The startup, which filed to go public last week, discussed a sale with Tempur Sealy and Serta Simmons last year, but both mattress retailers walked away when Krim refused to budge on price, the newspaper reported.
"That was just hubris," a New York-based venture capitalist told the newspaper, adding that Casper would "regret not selling to Target."revealed that its net revenue grew 20% to $312 million in the nine months to September 30, but higher costs meant its operating loss widened slightly to just over $65 million.
The business was privately valued at about $1.1 billion last February, which bodes well for its public debut. However, coworking startup WeWork was valued at $47 billion in early 2019, but ended up
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