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Unicorn Valuations/Markdowns Are Too Random To Be Newsworthy

Public equity markets go up and down……a lot. Per the chart below, the NASDAQ has gone up or down 10% a total of 78 times over the last 30 years (after having previously gone up or down at least 10%). That’s 2.6X per year. or once every 4.6 month:

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Source: My Math, Google Finance Data
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Source: Pitchbook, Dec. 30, 2015
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Source: Wall Street Journal, March 4th, 2016
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Source: Wall Street Journal Startup Stock Tracker

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Believe Crypto is the biggest thing to happen in the history of mankind. Focused on stablecoins (founded JustStable.com) & communities (founded. CryptoMondays)

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