Tech Unicorns
This is not a complete entry

There has been a lot of talk about unicorns lately, or, at least, I'm getting a nice Baader-Meinhof phenomenon for unicorns. At any rate, I think Aswath nicely illustrates some fuckery that can be done in valuation during an up round. It is nicely explained here:


And then there is this analysis of biotech unicorns and the idea that maybe it is better to invest in a basket rather than one:


In that article there is a link to a slideshare that, in fact comes from a bennedict evans post. You might as well check that out, too:


fascinating stuff.