There is a bit of a card trick being played with VCs and their pet unicorns. I can register a company with just 1 share, then issue another 1 billion shares at

There is a bit of a card trick being played with VCs and their pet unicorns. I can register a company with just 1 share, then issue another 1 billion shares at any time. If I then sell just on e these shares for a dollar, I am a unicorn post-money. This folk is what they are doing. Nothing more (just the numbers of shares and amounts change a bit) The value - I guess - is to bring enough credentials and big names to this dog-and-pony show to get people to suspend disbelief long enough to offload it. But when western governments are printing mountains of cash that would make a Zimbabwean treasury official blush, expect more of this. What is far ticker is a billion dollars of distributable post-tax profit.