Unicorns face 5-1 odds as they wait for public markets to warm

Earlier today, The Exchange dug into changing investor sentiment regarding growth and profitability. A new report looking at cloud and software companies from Battery Ventures ran the math on how investors are rewarding faster growth from less unprofitable companies — dare we say, profitable companies? — with the data indicating that, at least for now, growth is no longer enough to maximize corporate value.
For startups busy stacking new revenue with minimal burn, the situation is good news. For companies that raised while money was cheap — and sitting on huge valuations predicated on yesterye

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