Twelve startups have either IPO’d or been acquired after being valued at $10 billion or more by venture capitalists. Eight of them are valued higher than their last known private market valuation, as of yesterday’s market close. The only non-public company in the group is Flipkart, which sold a majority stake to WalmartDan Primack in Pro Rata
.Fourof them are lower, with WeWork (theoretically) expected to join as the fifth.
Unicorn is a mythical creature and does not exist. Time and again, the faulty valuations and lofty expectations prove that. Square, Box, Pinterest, and now WeWork…. I suppose we should stop this marketing claptrap and get to being real about companies, their businesses, and their prospects.