Peak Unicorn? Not yet.
Cloudera's estimated valuation was slashed 38 per cent by major capital player Fidelity Investments, reports have said, as Wall Street grows very cool on unicorn public offerings. Fidelity aired its concerns about a potential "startup bubble" by marking down its assessment of privately held Cloudera, monthly holding reports …
The Rich Boy Roulette rumbles on
Everyone and his dog knows that this situation is just crazy, but everyone keeps pretending until the chamber is no longer empty.
Then there will be no end of teary-eyed stories lamenting how they couldn't possibly have known (that it would hit now).
A billionaire or two will make a killing as they say, the world will keep turning and the rest of us won't get richer (or poorer).
Talk about first world problems . . .