We're seeing a lot of anti-unicorn sentiment recently. In addition to Gurley's comments here, Sequoia's Mike Moritz wrote an op-ed saying most unicorns are a j

We're seeing a lot of anti-unicorn sentiment recently. In addition to Gurley's comments here, Sequoia's Mike Moritz wrote an op-ed saying most unicorns are a joke [1]. And today's Wall Street Journal has a page one article about how tech IPOs have become all but impossible because private market valuations are so much higher than what public investors are willing to pay [2]. It all begs the question: what's happening? [1] http://www.businessinsider.com/sequoia-capitals-michael-moritz-on-subprime-unicorns-2015-10?r=UK&IR=T http://www.businessinsider.com/sequoia-capitals-michael-mori... [2] "Tech Startups Feel an IPO Chill" http://www.wsj.com/articles/tech-startups-feel-an-ipo-chill-1445309822 http://www.wsj.com/articles/tech-startups-feel-an-ipo-chill-...