[weare138]

That's kind of the problem. We don't view companies that go 12 months without revenue as high risk and/or failed investments anymore. How long can companies like Uber continue to raise capital to operate when they're only generating a fraction of the revenue now and investors won't accept the long term risk?

[o-__-o]

As long as money is cheap, the rich (VCs, Angels) will throw cash at you to satisfy their tax liability. A unicorn going public is just a side benefit.