A Billion Dollars isn’t Cool

When The Wall Street Journal first published “The Billion Dollar Startup Club” in February 2015, 84 companies had the rare unicorn status. Today there are 1,000 of ’em. A private company with a billion-dollar valuation used to be special. Now it’s ordinary.
These numbers, which felt crazy at the time, seem quaint compared to today.

Since this was published, Moderna is up 35x. Stripe, which is stil…

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