Cameo

Consumer/creator marketplaceUSA
🀝 Acquired
PeakΒ $1 BillionToday
~-90%
from peak
  1. πŸ¦„
    Became a unicorn
    Mar 2021
  2. πŸ“ˆ
    Peak valuation
    $1 Billion ’21
  3. πŸ’”
    Became a Unitard
    Mar 2024
  4. πŸ’Έ
    Last valuation
    ~$100M
Current status
$28M Series D cramdown at <$100M (Mar 2024)

How it happened

Cameo is a US marketplace where celebrities sell personalized video shout-outs to fans. It rode a pandemic-era boom to a ~$1B valuation in 2021 and expanded aggressively. As demand normalized the company conducted multiple layoffs, and a March 2024 Series D financing valued it below $100M in a cramdown, stripping its unicorn status. Glassdoor reviews from the post-boom years trace how it felt inside: employees described strategy and priorities that changed every few months, repeated layoff rounds, and a frat-like culture in which money kept flowing to parties and trips even as colleagues were laid off.

Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor β†—. See our methodology.

Source: The Information; Fortune; FTL financials in FTC settlement

More from the club

Same fate Β· down round / cramdown (primary)
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