‘Twas the week before Christmas, so let’s set the scene: Just what the heck happened In 2018?

It is much more valuable to have a probabilistic risk evaluation process.

We know we can’t predict the future (read: unknowns), but we can account for the likelihood of some scenarios.

To be sure, there are many reasons a company may prefer to turn to private investors over more traditional public markets, but as more companies choose private funding when they need to raise capital, what are the implications for investors...