Enduring companies are built with fundamentals, not valuations — Enduring companies are built with fundamentals, not valuations Silicon Valley has become obsessed with unicorns. It’s a spectacular milestone. However, the term unicorn fails to capture whether a startup is a durable business or just a flashy valuation. Further, with more than 1,250 unicorns having raised over $750B of capital, unicorns are no longer as mythical as…