There's something funny about the line "Startup failures are not uncommon, but a billion-dollar company that has raised huge pools of money going belly up remai

There's something funny about the line "Startup failures are not uncommon, but a billion-dollar company that has raised huge pools of money going belly up remains a rarity." Jawbone raised ~$900 million. It's a bit strange to talk about companies as unicorns when their post valuation is so heavily dependent on other people's money. Like GroupOn and a few others, actually running a business seems to have gone worse than just sitting on the stack of cash would have.