Find XO: Company's value dropped 85% before being sold to competitor (techcrunch.com)

- Unacademy is set to be acquired by competitor Upgrade through a share exchange after its company value declined by 85%. - It is bittersweet since receiving a high valuation when raising funds does not guarantee long-term endurance. - For founders, it is wise to decide beforehand how far to insist on independent growth while cash runs low and at what point to consider scaling down or selling the business, this makes negotiations less hurried.