Which will be the next billion-dollar unicorns?
They typically hit the US$1 billion valuation mark before going public
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ONE hallmark of the current technology boom is a generation of startups valued at US$1 billion or more by investors. Now meet the startups- in-waiting that may be next to reach that mark, if the white-hot market continues.
The US$1 billion valuation metric was popularised two years ago by the venture investor Aileen Lee. She found that many of the startups that reaped the most riches for venture capital investors - think Facebook and LinkedIn - often reached a valuation of US$1 billion or more while they were privately held. Because of their rarity, Ms Lee termed those companies "unicorns", named after the mythical creatures.
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