Need we fear a tech bubble?
The current technology boom might be different from the previous one, but valuations are still stretched.
THE first quarter of 2016 turned out to be disastrous for high-profile unicorns, or startup companies valued at over US$1 billion.
According to a quarterly global report on venture capital (VC) trends published last year by KPMG International, only five venture-backed companies in the US managed to join the exclusive billion-dollar club. Most companies faced layoffs, down rounds, and mutual fund markdown valuations.
Even the biggest was not spared. …
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