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Expect battles as some unicorns stumble
Published Thu, Jan 21, 2016 · 09:50 PM
Silicon Valley
THE unicorn wars are coming, as the downturn in the market will force these one-time high-fliers to seek money at valuations below their earlier billion-dollar-plus levels, known as "down rounds".
The biggest battle in the down rounds will be between the common and the preferred shareholders.
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