Lofty evaluations garner a lot of publicity, but investments often come with protections for venture capital firms at the expense of start-ups.
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@StevenDavidoff: There is a time bomb lurking in Silicon Valley’s unicorns: it’s called liquidation preference. nyti.ms/1V8NEzl @dealbook
@joehas: Deal Professor: The Risk of a Billion-Dollar Valuation in Silicon Valley nyti.ms/1OsYxx4
@dealbook: Deal Professor: The Risk of a Billion-Dollar Valuation in Silicon Valley nyti.ms/1OsYxx4
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