Despite the well-publicized IPO drought for VC-backed companies, Union Square Ventures-backed Twilio went public today. Twilio entered the public markets at a valuation of $1.2B, slightly above its last private market valuation of $1B.
Twilio is 7th billion-dollar exit for USV to-date. USV is known for backing well-known companies like Twitter, Tumblr, Etsy so we used CB Insights into where Twilio ranks among USV’s all-time lagest exits.
(Fred Wilson of USV recently wrote that Twilio’s was the best seed pitch he had ever seen.)
Most impressively, USV has notched at least one billion dollar exit per year since 2011, check out the breakdown below.
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For a breakdown of USVs exits by year, see below.
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