These are called zombie unicorns, not because they’re related to that upcoming A24 horror comedy, but because they achieved valuations over $1 billion and their founders and investors are ...

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of ...

“The fundraising reality has shifted.” Welcome to the era of the zombie unicorn. There are a record 1,200 venture-backed unicorns that have yet to go public or get acquired, according to CB Insights, ...