Pre-ChatGPT era startups face a reckoning in private markets; PitchBook: nearly half of US unicorns haven't raised in three years and 220+ are “fallen unicorns”
“These companies came of age in an environment that rewarded growth at nose-bleed valuations based on two broad assumptions: interest rates would remain low and a startup could always be acquired for its engineering talent.” www.cnbc.com/2026/06/01/a...