SmileDirectClub viewed as ‘unicorn’ startup with uncertain future

SmileDirectClub, a private startup valued at over $1 billion, has an uncertain future as investors critique it as a "unicorn" startup, which includes companies with little governance and big losses, according to Axios

After analyzing numerous mature startups, investors attribute startup failure to a higher demand than supply.

Driven by an unprecedented amount of large, later-stage venture capitalists, unicorn funding is expected to thin out, potentially resulting in a wave of rescue rounds and plummeting share prices.

Investors believe, however, that startups with reasonable plans for profitability will be fine.

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