This is one of the best articles written about the risk associated with high-tech unicorns, especially once a liquidity event arrives. As with all things finance, no one has yet invented a crystal ball and all opinions are just that. However @glennsolomon has clearly laid out an easy to understand thesis for all types of investors, including employees of potential unicorns. It is all too easy to get swept along with the euphoria of being associated with a billion dollar company.