[anon84873628]

The article doesn't blame bad investments as the problem though. Apparently there are 1440 private companies worth over $1 billion.

[nabla9]

"Valued $1 billion" does not mean that you get $1 billion when you attempt to sell any significant part. Private companies are hard to value.

One reason why they don't do IPO is that it would reveal their true value better and collapse valuation.

[rm_-rf_slash]

It’s all fun and games until you have to share your books with the SEC.

[Kalanos]

That is to say, the investments are bad because most of them are are overvalued. Who do you think is writing the Series B checks that puff them up to $1B?