Seth Klarman’s Dead Unicorn Trade

Tech company Evernote has an unenviable reputation. In 2015 the company was labeled the “first dead unicorn” as growth slowed and users turned away from the product. Luckily for the company’s employees and users, however, CEO Chris O’Neill who was brought in after the founder left two years ago, has placed the company back on track for growth. Evernote isn’t the only so-called unicorn that’s fallen from grace since 2015. The most high profile failure since is the busted IPO of Blue Apron, which has lost more than two-thirds of its market value since IPOing at the end of June. Dead…