SeatGeek

How it happened

SeatGeek is a U.S. ticketing marketplace that reached a ~$1.2B valuation, with a planned SPAC merger valuing it around $1.35B. That deal was terminated in 2022 amid weak market conditions, and third-party estimates (PitchBook) subsequently marked the company down roughly 50%, classifying it as a fallen unicorn while it stayed private. Employee reviews from the years that followed sketch the limbo inside: reorganizations arriving every few months with layoff rounds attached — twice, staff noted, shortly after assurances that none were coming — and stock grants that stayed paper wealth as the promised IPO slipped perpetually a couple of years out.

Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗. See our methodology.