Too Private To Fail

At a San Francisco Halloween party this year, I ran into a man wearing nothing but bubble wrap, covered in glitter, waving a wand. “I’m a unicorn,” he explained. Anyone from the bankers on Sand Hill to the barista at Philz can tell you: A unicorn is a startup that reaches the rare and vaunted high-water mark of a $1 billion valuation. Except that it’s no longer that rare. Read More...