One of the traits of the current bull market has been runaway valuations of tech unicorns, resulting in expensive initial public offerings of unprofitable companies. It seems investors are ever in search of the next Amazon—the next big fish that starts out bleeding piles of money but ends up being a whopping cash cow. The problem is that some investors may be assuming these unicorns will turn out like Amazon because they started out burning cash like Amazon did, but, well, you know what they say about people "assume" things.
Q2 hedge fund letters, conference, scoops etc
Django Davidson of...
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