Turns out most unicorns today are more myth than reality

The pace at which new billion-dollar startups are minted is in freefall.
Given what we’ve seen recently concerning the late-stage funding market, we shouldn’t be shocked. As late-stage dollars retreat and capital served up in mega-rounds — deals worth $100 million or more — evaporates, the fuel that once lifted many a startup rocket into the valuation stratosphere has sputtered. It makes sense that fewer companies would reach unicorn-altitude.
Initially, I wanted to make an argument crossing falling M&A activity and initial public offerings with the decline in new unicorn creat

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