1999 Aggregator Entrepreneur Government 
abovethecrowd.com
APRIL 20, 2016
Many have noted that the aggregate shareholder value created by all of the Unicorns will vastly overshadow the losses from the inevitable failed unicorns. Many modern entrepreneurs have limited exposure to the notion of failure or layoffs because it has been so long since these things were common in the industry.
abovethecrowd.com
JUNE 2, 2021
Also, take a look at this critically important data point , also aggregated by Professor Jay Ritter. Hambrecht and Quist (based in San Francisco) which was one of four investment banks that catered to the entrepreneurs and VC-backed companies through the late 1990’s. This data set looks at 8,610 IPOS over 39 years from 1980-2019.
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