You are here

When unicorns aren't as big as they appear

Protections for late-stage investors can inflate the indicated valuations of tech startups by 10-25%
Wednesday, June 10, 2015 - 05:50
airbnb150610.jpg
The Airbnb Inc. application is displayed on an Apple Inc. iPhone and iPad in this arranged photograph in Washington, D.C., U.S., on March 21, 2014.

New York

WARNING: Some unicorns may be smaller than they appear.

The recent proliferation of so- called unicorns - startup technology companies valued at more than US$1 billion - has been greeted variously as a sign of healthy innovation or an indication that valuations have become