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Unicorns arent real, and neither are the valuations ascribed to many of the startups that say theyre worth $1 billion or more.
About half of private companies with valuations exceeding $1 billion, known as unicorns, wouldnt have earned the mythical title without the use of complex stock mechanics, according to a study by business professors at the University of British Columbia and Stanford University. The tools used to negotiate a higher share price with inve…
Read the full article at: https://www.bloomberg.com/news/articles/2017-08-02/the-magic-behind-many-unicorn-startups-complex-stock-contracts