Meet the 7 VC investors getting rich off of this year's parade of 'unicorn' IPOs
- On Monday, The We Company confidentially filed to go public and Uber kicked off its investor roadshow ahead of its public market debut. Both companies were "unicorns," privately valued above $1 billion.
- 2019 has already been a blockbuster year for unicorn IPOs with notable exits from rideshare company Lyft and video conferencing startup Zoom.
- Several companies currently eyeing a public offering stayed private longer than other companies in the past, netting massive returns for investors that took early stakes at lower valuations.
- Partners at Andreessen Horowitz, Sequoia Capital, Benchmark Capital, FirstMark, and Accel stand to make millions off of their early bets on some of this year's biggest public debuts.
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2019 is set to make a lot of people very, very rich.
Lyft, PagerDuty, Zoom and Pinterest have all had IPOs since January. On Monday, WeWork parent The We Company confidentially filed to go public and Uber kicked off its investor roadshow ahead of its public offering expected in May.
For Silicon Valley's venture capital firms, these IPOs are the culmination of early bets made years ago when these billion-dollar tech companies were just tiny startups with a promising idea.
As companies stay private longer and late-stage investments balloon, it's no secret that making the right bet early on is key. Here are just some of the venture capitalists poised to make a killing off this year's IPO parade.