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Tech Investors Should Want More Than Startup Unicorns

It’s been a decade since the term “unicorn” was coined by Silicon Valley venture capitalist Aileen Lee to describe startups that reached a $1 billion valuation. The name quickly became coveted. Yet today, unicorns aren’t so rare. Having reached a peak in the heady, liquid days of 2021, the number of startup unicorns being created globally is now in decline, to 95 last year from 621 in 2021, according to market intelligence firm CB Insights, thanks in part to higher interest rates and greater scr...

Read more at bloomberg.com

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