Pretty accurate. Most of the so-called unicorns are overvalued by a factor of four or so through accounting tricks. The article is correct that it is not sill

Pretty accurate. Most of the so-called unicorns are overvalued by a factor of four or so through accounting tricks. The article is correct that it is not silly as the late 1990s. Many startups now actually have working products, revenues, and sometimes profits. Many 1990s companies lacked those.