Tech unicorn CFOs: Winter is coming
Mike Blake/Reuters In Silicon Valley, "unicorn" is the buzzword of 2015. Above, a man wearing a unicorn mask takes a selfie.
Businesses aspiring to reach unicorn status, a private market valuation of at least $1 billion, are finding it harder to raise the capital needed for such a lofty aspiration.
In October, Business Insider reported that 1.3 "unicorn" companies have been created every week in 2015.
Unicorns have been helped along by mega-rounds of funding, valued at $100 million or more. In the past four month's 37 companies have raised $100 million mega-rounds.
Four CFOs of well-known unicorns sat down at the MIT Sloan CFO Summit to discuss the current state of startup fundraising and why they believe "winter is coming" for private market fundraising.
Their companies, Kabbage, Actifio, SimpliVity, and Thumbtack, have all reached $1+ billion valuations while focusing on distinctly different areas of technology.
Next Story
Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
One of the world's only 5-star airlines seems to be considering asking business-class passengers to bring their own cutlery
Experts warn of rising temperatures in Bengaluru as Phase 2 of Lok Sabha elections draws near
Axis Bank posts net profit of ₹7,129 cr in March quarter
7 Best tourist places to visit in Rishikesh in 2024
From underdog to Bill Gates-sponsored superfood: Have millets finally managed to make a comeback?
7 Things to do on your next trip to Rishikesh
