The combination of the slowdown in Chinese economy, the European debt crisis and plunge in oil prices could force markets to take a turn for the worse and could hit unicorns especially hard, notes PitchBook. In its 2015 “VC Unicorn Report”, PitchBook points out that the VC industry has transformed the mythical creature of unicorns into a somewhat more common one. Unicorns valuations are frothy According to the PitchBook report, startups valued at $1 billion or more are no longer a rarity as the number of U.S.-based startups hitting that mark skyrocketed in 2014 and nearly doubled through August of…
Changing Market Trends Could Hurt Unicorns: PitchBook
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports