Law firm Lowenstein Sandler recently hosted dozens of venture capitalists and limited partners in San Francisco to discuss some of the latest trends in their business. Axios sat in on a discussion about "unicorns"—startups valued at more than $1 billion—and late-stage investing. Highlights:
- Uber will be fine.
- Liquidity needs are growing, which means that secondaries are becoming more common.
- VC rounds are taking longer to complete, in part due to increased competition within niches.