…, the above analysis does not take into account price sensitivity in winning a ‘unicorn club’ deal. In fact, John Backus of New Atlantic Ventures, estimates that “only 27% of the investments made by VCs in Unicorns paid back a fund, despite the high exit values.”[4] The whole premise is that such investments return an entire fund but, in reality, only one quarter of them actually do so.Is the Unicorn the Fairest after All? Exploring Alternative Investment Strategies in Venture…123Patrick MontagueAlex IskoldFollowAug 27, 2017 · 1 min readThis is because we need to take into consideration % of ownership in this entire analysis.