over a hundrede unicorns valued at over $100 million. is that fair?hese companies are raising money on an idea they haven't even executed on top john: for sure there will be disappointment. valuation is a combination of high expectation and financial performance. not all the unicorns will have the performance necessary to exceed their private valuation. that is ok. venture capital is a small industry, roughly $50 billion to year invested in 2000 3000 companies. the world needs venture capital to take these risks and build companies. the reason is simple. we don't just build companies, we build industries. frankly,jobs and quite we build the future. a whole,try as unicorns are a tiny percentage of what is happening in venture capital and they are clustered around a few markets, predominately consumer tech and that. you were in the sake of the last bubble. would you say no bubble right now? are in aon't think we bubble. we are in a prolonged boom and there will be highs and lows certain companies and segments. the differences in the word fundamental. wh