Blue Apron's recent filing to go public isn't the norm.
That's according to a recent Pitchbook report that says venture capital-backed companies are staying private longer than they have anytime in the past decade. The median time to exit for startups has reached 8.2 years for an IPO and five years for acquisitions or private-equity buyouts.
Blue Apron, which launched in 2012, reported a net loss of $54.8 million for 2016 — a 16 percent increase from 2015. The trend is to stay private longer to avoid those early challenges faced in the public market by unicorn companies like Snap Inc.Read Complete Article