Great quote about ‘Unicorns’ (lightly edited from verbal form):<p>“I looked through the list of companies that have an over a billion dollar valuation recently, and more than half, I think, were valued between like a billion and 1.5 billion, and something like a quarter were valued exactly at a billion. So people are clearly obsessed with getting to this mark, and they are willing to put all sorts of weird structure on their terms to get there. If you were looking at the financial data, you would say something is amiss. You’d say there is some fraud going on or something, if you were just looking at the numbers. Because they don’t fit the distribution you’d expect. There is this huge desire to get right to a billion or just over. I don’t care about it. I think it’s dumb, but that’s not going to make a company great or not.”<p>As a sidenote, Sam should probably stop antagonizing his interviewers by dismissing the business pontification featured on their shows :) I agree with him but it’s also a bit unnecessary.