The unicorn valuation gambit

Happy Sunday, fellow startup nerds.
Today we’re talking about risk in the gambling sense of the word. You see, there’s a way for unicorns to avoid painful dilution when they next raise capital, and it appears that a good number of the world’s billion-dollar startups are taking the wager. But new data indicates that the bet some of the most well-financed startups in the world are taking could be more wishful thinking than intelligent gambit.
Here’s the gist: Unicorns, many of which raised capital during the 2021 boom at valuations that no longer square with market norms,

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