A June 22nd blog from Knowledge@Wharton highlights a number of signs pointing to a developing tech start up bubble. The piece also provides some insights from professional investors, some of whom are currently unloading their tech start up firm shares anticipating a correction.
For starters, pre-IPO firms including Uber, Airbnb and Snapchat have seen their valuation skyrocket to $50 billion, $24 billion and $16 billion, respectively. Meanwhile, smaller tech start-ups such as Zomato (a restaurant finder app), Kabam (multi-player social games) and SimpliVity (IT infrastructure platform OmniCube) have also reached the once-mythical $1 billion level as well.
Unicorns versus decacorns
The total number of new pre-IPO...
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