'Unicorns' may be mauled by bear market
The herd may be thinned as the cash-hungry startups are likely to face a harder time getting fresh capital amid prospects of a bear market
Washington
AFTER a year in which free-flowing capital fuelled unprecedented growth in so-called tech "unicorns", the sector is bracing for a slowdown which could thin the herd.
Unicorns - a term coined for the usually rare billion-dollar, privately funded startups - have been proliferating in the United States, China and elsewhere as venture capital investors bet on the next Google or Facebook.
