Expect Some Unicorns to Lose Their Horns, and It Won’t Be Pretty - The New York Times

A lot less fun on the way down

"The unicorn wars are coming, as the downturn in the market will force these onetime highfliers to seek money at valuations below their earlier billion-dollar-plus levels, known as “down rounds.”

Whether you are a spectator or part of the blood bath, here is what you can expect in the coming clashes among employees, founders and investors."

Expect Some Unicorns to Lose Their Horns, and It Won’t Be Pretty - The New York Times