Many business pundits are alarmed at the recent boom in startup valuations and what they see as too-easy access to capital. For example, Scott Galloway recently posted a video decrying the rapid proliferation of unicorns (private companies valued at more than $1 billion). Noting that we're on track for more unicorn valuations in 2021 than in the previous three years combined, he cheekily asked, "So are we getting smarter, are we getting more productive, or are the markets overvalued?"