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PitchBook has released its inaugural VC Unicorn Report, which dives into the terms, conditions and trends affecting VC-backed companies worth $1 billion or more. Drawing on valuation documents and more than 25,000 valuations housed in the PitchBook Platform, the report will break down valuation trends for specific companies, including protection terms, protective provisions, dividends, liquidation preferences, participation rights, voting rights and elections of Boards of Directors.