Can $1BN Companies Fail?

Some companies that were once worth a billion dollars can go to zero. Easily done. Rich Wong Excel said 20% of unicorns this week will just fail.This is pretty rough and tough, but my gut would be it's roughly 20% will be good enough to get public in the end. 20% will totally maybe 25 in each site just for arbitrary sake. And then 50% in the middle are meaningful enough to be valuable but not so meaningful that they'll get public and they'll be merged.They'll combine with someone else that'll be PE. But it' ...