The unicorn club tends to be filled with four types of companies.
- Bros breaking laws, yelling “DUDE!”, and improbably getting so much cash having proven so little, that failure is almost a challenge for them.
- Women who have busted their ass for years, finally painstakingly proven their businesses, and are belatedly getting a pile-on of cash.
- Asian companies with jaw-dropping numbers, markets and local cash.
- Boring old SAAS companies that have the metrics to actually support the valuation.
Zipline, which just announced a $190 million round of funding at a $1.2 billion valuation, fits in none of those categories…