Raising Money at a $1 Billion Valuation Has Been a Lot Easier Than Exiting for One

Why so many startups have been opting to stay private.
Photographer: Andrew Harrer/Bloomberg
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Have unicorns lost their magic?

With 2016 marked by very little news in the way of initial public offerings, a new report from research firm CB Insights sheds light on why so many startups have been opting to stay private.