The Mood In Silicon Valley Is Like The "Moment After The Titanic Hit An Iceberg" - Here's Why

For the longest time it was Wall Street's best kept secret: keep Unicorns - companies with valuations over $1 billion - hidden in their gilded stables (aka private) for as long as possible, and allow Silicon Valley billionaires and venture capitalists to overbid each other by investing modest amounts at ever more ridiculous valuations, permitting book-marking based on a handful private investment rounds to hit stratospheric levels and allowing the investors to take out loans backed by sky-high valuations as collateral.