The undoing of the unicorn.
Added 6 months ago | As appeared first on abovethecrowd.com | Author: Bill Gurley
In February of last year, Fortune magazine writers Erin Griffith and Dan Primack declared 2015 "The Age of the Unicorns" noting — "Fortune counts more than 80 startups that have been valued at $1 billion or more by venture capitalists." By January of 2016, that number had ballooned to 229. One key to this population growth has been the remarkable ease of the Unicorn fundraising process: Pick a new valuation well above your last one, put together a presentation deck, solicit offers, and watch ... Continue reading on abovethecrowd.com
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