Shares 

Cancel the unicorn hunt

Cancel the unicorn hunt

Unicorn hunters used to have to work hard. In 2015, when venture capital investor Aileen Lee first used the term to describe a start-up company valued at over $1bn (£0.79bn), there were just 30 globally. Today, those seeking a glimpse of the not-so-rare beasts need only climb to the top of the Millennium Tower – the tallest residential building in the San Francisco Bay area – which offers views of the headquarters of 88 new companies that have gained a $1bn valuation. Expand the search and there are roughly 200 unicorns to be found in the US and many more in the major emerging economies in Asia.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now