Investors warn unicorns: share info evenly or get sued


Investors are pushing for startups to behave like their publicly listed counterparts. Even the Securities and Exchange Commission is starting to poke around.

Fidelity marks down stake in pre-IPO startups Cloudera, Dropbox

Fidelity’s monthly reports offer a glimpse into investor concern over the sky-high valuations of some private companies that have over the last few years enjoyed a seemingly unlimited stream of financing from venture capitalists, mutual funds and hedge funds.