Changing Market Trends Could Hurt Unicorns: PitchBook

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…