There are now over 850 unicorn companies, according to research firm CB Insights. Some will become dragons. Some will go public or be acquired for massive sums. But some will be resigned to remembering these as the glory days. Driving the news: MBM Capital has launched as a buyout firm focused exclusively on faded unicorns whose venture capitalists have thrown in the towel. "There's a massive funding gap no one else is organized specifically to pursue," Mittal tells Axios.