Unicorns and Other High-Valuation Deals -

Over the last several years, the number of private companies with valuations in excess of $1 billion has skyrocketed, with daily reports of births of new “unicorns.” As the number of unicorns and even “decacorns” (private companies with valuations over $10 billion) has grown, voices of concern over an inflating bubble have grown louder. In fact, a shift may already be occurring. There have been recent reports of private companies accepting valuations in the public markets below their last private company valuations, and of late-stage investors marking down the values of their investments.