Unicorns, Down Rounds, and Independent Directors | Woodruff-Sawyer & Co.

It’s 2016, and frankly, people are concerned about the valuations of venture-backed private companies. More than 140 “unicorns” exist today–private companies that have been valued at more than $1 billion. …

Click on the following link for the discussion: wsandco.com

Dave Tate, Esq. comment. A good article from Priya Cherian Huskins, and she suggest in these situations, consider having independent directors sooner rather than later.