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October 30, 2016
It looks like unicorns are going to have to learn to stand on their own four feet.
The third-quarter funding numbers are starting to come out, even though everyone who’s collecting the data expects some more info to trickle in over the next few weeks. But the consensus is clear: Early-stage funding, while a small percentage of the total, is holding steady. Big late-stage rounds are drying up. That means the highly valued unicorn companies that have been relying on those late-stage rounds may suddenly find it’s time to plan an initial public offering instead.