Get the latest tech news
'The Unicorn Boom Is Over, and Startups Are Getting Desperate'
More than $1 trillion in value remains locked in venture-backed startups with dwindling prospects as the Silicon Valley unicorn bubble deflates, according to a new Bloomberg Businessweek report. Of the 354 companies that reached billion-dollar valuations in 2021, only six have completed initial publ...
More than $1 trillion in value remains locked in venture-backed startups with dwindling prospects as the Silicon Valley unicorn bubble deflates, according to a new Bloomberg Businessweek report. Of the 354 companies that reached billion-dollar valuations in 2021, only six have completed initial public offerings, Stanford Business School professor Ilya Strebulaev said. Freight business Convoy, valued at $3.8 billion in 2022, shut down last year with rival Flexport buying its assets at a steep discount.
Or read this on Slashdot
