Sweetgreen and and Palantir have lost value since the pandemic's start
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Olivia Oran
Aug 10, 2020, 00:32 IST
Jack Taylor/Getty Images
Hello everyone! Welcome to this weekly roundup of Business Insider stories from executive editor Matt Turner. Please subscribe to Business Insider here to get this newsletter in your inbox every Sunday.
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Hi everyone!
Matt is off today, so this is deputy executive editor Olivia Oran filling in.
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We rolled out an exciting project this past week where readers can search for pitch decks from over 150 startups. For the past few years, Business Insider has published these decks to give readers an inside look at how successful companies persuaded investors to fund them.
Now, these decks have been combined into a single, searchable library, which you can explore here:
In other startup news, Bradley Saacks and Meghan Morris reported on how some of the world's most well-known private companies like Sweetgreen and and Palantir have lost value since the pandemic's start, according to their mutual-fund backers.
And even before the pandemic hit, a survey of venture capitalists found that a majority believed unicorns were "significantly" overvalued.
We've also got some great advice on how to grow a startup from the cofounders of Monday Swimwear, who started with a $30,000 loan, were profitable in their first year, and doubled revenue every year since.
Reach out to me anytime with feedback on our stories or tips we should be chasing! I can be reached at ooran@businessinsider.com.
— Olivia
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'Big 4' salaries, revealed
Our most popular story of the week was a deep dive into salaries at the big 4 accounting firms.
Last year, firms PricewaterhouseCoopers (PwC), KPMG, Ernst & Young (EY), and Deloitte — employed well over a million people. These firms are known for paying employees six-figure salaries right out of business school.
For example, some analysts and auditors made more than $120,000 at Ernst & Young (EY), principals were given up to $950,000 in compensation at KPMG, and managers at PwC made $123,019 or more.
On Thursday, she reported that after weeks of contract negotiations, three Bon Appétit Test Kitchen video talent members said they wouldn't be in videos with the food brand going forward.
The three stars' exit slashes in half the number of people of color who regularly appear in Test Kitchen videos.
Leaning on Bon Appétit's videos for revenue seemed to be a winner for Condé Nast earlier in the coronavirus pandemic. However, as Rachel reports, "outgoing video talent said the publisher's video arm was more interested in maintaining the status quo — and the ultra-profitable videos centered on white food and cooks — than expanding the pay and video presence of their cooks of color."
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