I wonder if that has led to some of these very-VC favorable deals with large liquidation preferences. Rather than take an investment that has lower valuation, a

I wonder if that has led to some of these very-VC favorable deals with large liquidation preferences. Rather than take an investment that has lower valuation, a founder takes an investment in which a lower percentage goes to the VC, and thus the total valuation is higher, because getting into "the unicorn club" has value all its own: press, cachet, employee retention.