Unitard Club

Everyone keeps a list of unicorns. Nobody keeps a list of what happened next. So we did. 🦄📉 440+ startups once worth $1 billion or more. Not anymore. Over $1.4 trillion of valuation, gone. Meet the Unitard Index: unitard.io

🚨🦄 New to the club: Flink. Flink's valuation got the express markdown. A March 2026 round valued it at ~$900M, Handelsblatt reported. Its 2021 peak: $2.85B. New to Unitard · Added Oct 12, 2026. unitard.io/companies/flink?u…

🚨🦄 New to the club: Flexe. Flexe’s valuation has room to move. T. Rowe Price marked its Series D at $3.72 a share in June 2026, versus a $20.39 round price. A fund estimate, not a new funding round. New to Unitard · Added Oct 12, 2026. unitard.io/companies/flexe?u…

🚨🦄 New to the club: Farcaster. Farcaster's decentralized protocol still needed a handover. After a $1B peak in 2024, Neynar agreed to take it over in January 2026, per Decrypt. New to Unitard · Added Oct 12, 2026. unitard.io/companies/farcast…

🚨🦄 New to the club: Carbon. Carbon's 3D printers can't print a valuation. Contrafund marked its stake at $1.4M in June 2026 vs $29.5M at end-2021, with roughly the same share count. A fund estimate, not a round. New to Unitard · Added Oct 12, 2026. unitard.io/companies/carbon-…

🚨🦄 New to the club: CloudMinds. CloudMinds put robot brains in the cloud. Its Beijing entity landed in court: 36Kr reported a bankruptcy-liquidation case was accepted on Oct. 10, 2025. New to Unitard · Added Oct 12, 2026. unitard.io/companies/cloudmi…

🚨🦄 New to the club: BlackSky Technology. BlackSky sells a view from orbit, not a valuation floor. $1.5B peak in 2021; about $710M market cap on Oct. 16, 2026. New to Unitard · Added Oct 12, 2026. unitard.io/companies/blacksk…

🚨🦄 New to the club: BenevolentAI. BenevolentAI sought new uses for drug molecules, then less use for a stock listing. Valued at $2.1B in 2018, it delisted in March 2025 after a take-private merger. New to Unitard · Added Oct 12, 2026. unitard.io/companies/benevol…

🚨🦄 New to the club: ANI Technologies (Ola). Ola's meter ran backwards: $7.3B at its 2021 peak; about $70M implied by a Vanguard fund mark, per IANS in June 2026. Not a funding-round price. New to Unitard · Added Oct 12, 2026. unitard.io/companies/ani-tec…

🚨🦄 New to the club: ABL Space Systems. ABL built truck-deployable rockets. Its valuation got compact too: $2.4B in 2021 vs. ~$23M implied by a Capital Group fund’s February 2026 mark. New to Unitard · Added Oct 12, 2026. unitard.io/companies/abl-spa…

🚨🦄 New to the club: slice. slice merged with a bank. Its valuation lost the unicorn gloss: Entrackr reported a ~$450M round valuation in September 2026, versus a $1.5B peak in 2022. New to Unitard · Added Oct 2, 2026. unitard.io/companies/slice?u…

🚨🦄 New to the club: OpenWeb. OpenWeb moderates publishers’ comments. Then came court oversight. CTech reported a temporary receiver on Sept. 30, 2026. Its peak valuation was $1.5B in 2022. New to Unitard · Added Oct 2, 2026. unitard.io/companies/openweb…

🚨🦄 New to the club: Carbon Health. Carbon Health's clinics kept operating. Its cap table needed a reset: a $3.3B peak valuation in 2021, then Chapter 11 on Feb. 2, 2026. New to Unitard · Added Oct 2, 2026. unitard.io/companies/carbon-…

🚨🦄 New to the club: Ample. Ample built robotic battery-swapping stations. Even the valuation had a limited charge: a $1B peak in 2021, followed by Chapter 11 on December 16, 2025. New to Unitard · Added Oct 2, 2026. unitard.io/companies/ample?u…

Nextdoor found 40.4M weekly users. Profit still hadn’t moved in. Q3 2023: users up 6% year over year. Net loss: $38M, versus $35M a year earlier. unitard.io/companies/nextdoo…

Turns out you can’t schedule a return to 2021. Calendly raised at $3B+ in 2021. PitchBook’s year-end 2025 model put it at ~$790M, per CNBC. An estimate, not a new funding round. unitard.io/companies/calendl…

Allbirds made comfortable shoes. The exit was less cushioned. In March 2026, it announced an estimated $39M sale of its IP and selected assets and liabilities to American Exchange Group. unitard.io/companies/allbird…

FTX raised at $32B in January 2022. Filed for Chapter 11 that November. In March 2024, Sam Bankman-Fried was sentenced to 25 years for fraud. A cap table is not a character reference. unitard.io/companies/ftx?utm…