Mark Lennihan/Associated Press
Zoom IPO
Silicon Valley's bubble may not be ready to burst - but if history is any indication, it may very well have started deflating.
According to a new report in The Wall Street Journal, more private venture-backed companies valued at $10 billion or more, dubbed "decacorns," have gone public in the first half of 2019 than any other time since the height of the great dot-com bubble in 2000.
Transform talent with learning that worksCapability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More Companies like Lyft, Uber, Pinterest, Zoom, CrowdStrike, and Chewy have already raised billions in respective IPOs over the last six months. For comparison, 2000 saw more than 75 blockbuster IPOs in the same time period.
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Of course, history doesn't always repeat itself - it doesn't necessarily follow that just because the great IPO rush of 2000 presaged the end of a bubble, we'll see a similar trend play out in 2019. Still, it's hard to avoid a feeling of deja vu: In 2000, we had Pets.com, the ill-fated online pet store; in 2019, we have Chewy.
So we looked back at the decacorns of 2000 to see how today's tech giants stack up.