This is generally a good sign for the market. Not so good for bloated startups without a viable business model or cash positive finances (including probably the majority of the unicorns out there at the moment). For such firms it's about to be a bloodbath, but hard facts are that there's a lot of junk out there that got funded in loftier times and now needs to be flushed out of the system. For lean startups with a st…
Who are these "majority of unicorns" that everyone casually passes around? Yes, there were some journalistically well covered flame-outs, but is there a trend of companies worth more than $1B flaming out?
Otherwise, companies without a promising business model flaming out is definitely a good thing.