The Rise and Fall of the Unicorn – The New York Times

The Rise and Fall of the Unicorn

Many unicorns, start-ups with billion-dollar valuations, have a shiny veneer of revenue growth but lack a competitive advantage for long-term value.

http://www.nytimes.com/2016/02/13/business/dealbook/the-rise-and-fall-of-the-unicorn.html