An uneasy end to 2015 and start to 2016 Some interesting graphs and thoughts in Fortune
Silicon Valley’s $585 Billion Problem - Fortune:
"VCs have pumped up the value of the “unicorn” startups. Now tech IPOs are in trouble. Good luck getting out...."
Fortune reveals how the IPO process plays out, much designed to line the pockets of Wall Street underwriters and favored clients. However, in world of inflated private valuations, even they cannot manufacture much enthusiasm from the public markets and retail "suckers" to make the IPO route a success by the normal measures.
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