Last month, Fortune magazine’s cover story considered how we are now living in the age of unicorns, given that at least 80 start-ups have achieved this status. This is an increase from the 39 unicorns that existed as recently as November 2013. Note that Google never achieve unicorn status before it went public in 2004.
Fortune’s editor, Alan Murray, noted the irony of running a cover story about unicorns on its cover at the current stage of the business cycle, given that the magazine produced (but did not publish) a similar Fortune cover dated September 1929.
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One man’s unicorn is simply another sign that seven-plus years of QE are beginning to leak into the economy, showing some of the full effects of a manipulated boom.
