When tech unicorns are # fakenews
Feb 03, 2020
3 minutes
By Ken Wong
No, it isn’t a ransom demand from Dr Evil, but the magic valuation number of startup tech companies over the last decade.
A “unicorn”, when used in the venture capital industry, is a word to describe a startup company with a value of over US$1 billion. More and more tech startups have been reaching that magical unicorn status in the last couple of years, making unicorns much more than a mythical creature. Where it once took companies like Starbucks and Nike 24 years to reach a valuation of US$1 billion, modern tech companies have done
You’re reading a preview, subscribe to read more.
Start your free 30 days