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Do Recent Startup Devaluations Signal Tech Market Trouble?

Intoo USA

Silicon Valley has become the mythical land of “unicorns”–the term coined to define the 100+ tech startups valued at $1 billion or more. But in the past few weeks that fantasy hit a few snags with news of devaluations of prominent tech unicorns, including social messaging app, Snapchat , and HR benefits startup, Zenefits. .

Zenefits 130
article thumbnail

Do Recent Startup Devaluations Signal Tech Market Trouble?

Intoo USA

Silicon Valley has become the mythical land of “unicorns”–the term coined to define the 100+ tech startups valued at $1 billion or more. But in the past few weeks that fantasy hit a few snags with news of devaluations of prominent tech unicorns, including social messaging app, Snapchat , and HR benefits startup, Zenefits. .

Zenefits 100