Startups Weekly: Will the real unicorns please stand up?

I apologize if the two of us are broken records, but I think we’re equally perplexed by the pace at which companies are garnering $1 billion valuations.Here’s the latest data, according to Crunchbase: “2018 outstripped all previous years in terms of the number of unicorns created and venture dollars invested. Indeed, 151 new unicorns joined the list in 2018 (compared to 96 in 2017), and investors poured more than $135 billion into those companies, a 52% increase year-over-year and the biggest sum invested in unicorns in any one year since unicorns became a thing.”2019 has already coined 42 new unicorns, like Glossier, Calm and Hims, a number that grows each and every week. Unicorns aren’t rare anymore; it’s time to rethink the unicorn framework.Petition to stop using the term "unicorn" unless the company is valued at more than $1 billion *and* profitable.— Kate Clark (@KateClarkTweets) May 22, 2019Last week, I suggested we only refer to profitable companies with a valuation larger than $1 billion as unicorns. That represents a 67% increase in revenues from the same period last year when the company lost $24.8 million on $80.9 million in revenue.Startup CapitalOnline lender SoFi has quietly raised $500M led by Qatar