Since 2013, an increasing number of technology companies have achieved “unicorn” status: valuations upward of $1 billion in private markets. Yet public tech markets haven’t matched this exuberance resulting in companies staying private for longer time than usual. In fact, many tech companies that undertook initial public offerings (IPOs) in the past three to four years have performed poorly. This suggests new dynamics may be in play, given the significant uptick in the number of high-valuation private software companies, combined with down rounds and post-IPO losses. Read More>>