Professor Anat Alon-Beck from the School of Law at Case Western Reserve University joined our annual conference on Late Stage Private Placements earlier this week. Prof. Beck spoke about the unicorn phenomenon, valuation concerns relating to unicorns and the new investors that have fueled the growth of unicorns. Prof. Beck’s slides may be accessed here. She has addressed many of these issues in her recent papers, The New Unicorn Investors – Disruptors or Distractors? and Unicorn Stock Options—Golden Goose or Trojan Horse?