PitchBook estimates that 25%+ of VC-backed unicorns have become "undercorns," startups once valued at $1B or more by VCs but now valued below that threshold (Dan Primack/Axios)

Dan Primack / Axios:
PitchBook estimates that 25%+ of VC-backed unicorns have become “undercorns,” startups once valued at $1B or more by VCs but now valued below that threshold  —  New valuation data from PitchBook suggests that more than one-quarter of VC-backed “unicorns” have lost their horns …

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