In recent years, the notion of a unicorn, a startup exceeding a premarket valuation of one
billion USD, has become one of the most prominent concepts in the practical discourse of …

The world's largest companies in 2019 by market capitalization-Apple, Alphabet, Microsoft,
and Amazon-all began as venture-backed startups.'They defied existing theory by growing …

This Article presents the legal literature's first detailed analysis of the inner workings of Initial
Coin Offerings (ICOs). We characterize the ICO as an example of financial innovation …

The corporate form confers upon its organizers the ability to aggregate tremendous amounts
of wealth while limiting the liability of investors for any harms that the corporation inflicts. As …

Alarms are sounding over the decline in US public companies! The extraordinary volume of
trading in public equities masks an uncomfortable fact: Firms no longer need to go public to …

ARTICLES DISRUPTIVE TECHNOLOGY AND SECURITIES REGULATION Page 1 ARTICLES
DISRUPTIVE TECHNOLOGY AND SECURITIES REGULATION Chris Brummer* Nowhere has …

" Unicorns" are private companies with valuations of a billion dollars or more. As their name
indicates, unicorns were originally so rare as to be almost mythical. But Uber and other …

BOSTON UNIVERSITY LAW REVIEW protection. This Article presents an original typology of
heterogeneous investors that exposes the common regulatory fallacy of homogeneous …

No financial institution is an island, entire of itself. 1 Intermediation is a fundamental fact of
finance. 2 Investment banks underwrite stock offerings for companies. Commercial banks …

One of the world's great inventors, Thomas Edison, bemoaned the propensity of
technologists to lie about an exciting new invention of the late-nineteenth century, the …