Listed companies must give all investors the same important information at the same time. Private companies have more leeway. But an explosion of “unicorn” startups valued over $1 billion and more opportunities for smaller investors to buy and sell stakes has made the market for pre-IPO companies more like the public equity market. As a result, investors are pushing for startups to behave like their publicly listed counterparts. Even the Securities and Exchange Commission is starting to poke around. Read More>>