The rise of unicorns: a funding event, not a destination

VCJ VC Valuation Unicorns
Photo of unicorn courtesy of MadKruben/iStock/Getty Images.
Paul Asel, NGP Capital On Oct. 9, when Brex announced its $125 million Series C financing, Business Insider proclaimed breathlessly, “credit card startup joins unicorn club months after launching.” Since the term “unicorn” was first applied to technology companies exceeding ...

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