In the age of the #unicorn, many are prioritizing valuations over deal terms.
" to those who seem to believe that the current state of affairs is sustain-able, I would ask this: When in his-tory has ever-increasing financial complexity, lack of transparency, perverse incentives and new ways to extend credit and increase lever-age not eventually led to disaster?"
This from The Wall Street Journal.
Are Some Tech Startups 'Subprime'?
http://www.wsj.com/articles/the-dangers-ahead-if-tech-unicorns-get-gored-1445832492
