So finally, today we have it. One of the handful of “decacorns” in an unprecedented era of late stage capital, escalating private valuations, and endless stalling has finally, finally gone public.

And -- as predicted-- Snap has done well. It priced high, and popped on the opening, prompting the flurry of posts about how much money it had left on the table in retrospect.

Once the yellow banners are taken down from Manhattan, and the Spectacles vending machine is sent back to wherever it’ll be sent back to, the first decacorn will be a publicly traded company -- warts and all...