Daily Bafflements

• In an impassioned defense of “unicorns,” Dave McClure, a prominent angel investor, writing for Medium, says that talk about the overvaluation of startups is cheap, and argues that many public companies are also substantially overvalued.

• The Broad, LA’s new contemporary art museum under the helm of art philanthropist Eli Broad, opened this spring, calling to mind Rhonda Lieberman’s stinging Baffler salvo on Broad, Alice Walton, and venture philanthropy in the art world.

• Anand Giridharadas attempts to remind New York Times readers that the “mobile-enabled, venture-capital-backed servitude of our time” comes at a price.