Grow fast or die slow: Why unicorns are staying private

"Since 2013, an increasing number of technology companies have achieved “unicorn” status: valuations upward of $1 billion in private markets. As of the end of last year, 146 private tech companies were valued at that level, according to CB Insights—more than twice the number a year earlier. In addition, 14 private companies were “decacorns,” with valuations exceeding $10 billion." Read more

Begum Erdogan, Rishi Kant, Allen Miller, and Kara Sprague McKinsey & Company May 2016