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by JBReefer 3352 days ago
Is this the first total collapse of a "unicorn" this time around? I can't think of any recent, high profile disintegrations of this order of magnitude.
3 comments

Gilt Groupe and Fab both sold at significantly lower values than they had previously raised at, not sure if that counts as a "total collapse".

I predict the next one will be Hampton Creek, given the criminal probe into their fraudulent buy-back scheme.

The federal probe into Hampton Creek has been closed. See: http://www.bizjournals.com/sanfrancisco/news/2017/03/27/hamp...
You must have missed the Zenefits stuff. You clearly are missing out on Uber's continuing implosion, too.
> total collapse

Neither Zenefits nor Uber meet that definition. Uber particularly isn't even remotely close to it. Unless you consider a company still holding a ~$50 billion valuation, with $9 billion in cash + credit line, chasing down $10 billion in sales for 2017, a total collapse.

Was Theranos really a unicorn? I'd barely heard of them until this story broke.
Yes, they raised $350MM at a $9 billion valuation, and Holmes was hailed as the next Silicon Valley wunderkind.
Bit more actually, closer to $700M.
Theranos had received a $9 Billion valuation at its peak. https://www.forbes.com/sites/roomykhan/2017/02/17/theranos-9...