Perhaps US startups can't go public because they will get exposed like Snap? How many private startups/unicorns today are truly crushing it? Very few. Goin

Perhaps US startups can't go public because they will get exposed like Snap? How many private startups/unicorns today are truly crushing it? Very few. Going public was a great way to extract money from the public, but not so much these days. The money is being extracted before hand. VCs are getting paid irrespective of how the companies perform. The money being risked is not their money, but money raised indirectly from the public. Your 401k or pension might be part of the billion+ that Uber raised. :D Acquisition is a great way to exit for those with skin in the game, angels and series A investors who are more likely to risk their own capital.