What's Next for "Unicorns"?
6th Annual Emerging Markets Leadership Forum focused on investing in new technologies. Watch a conference speaker Jim Breyer talking about the increase of unicorns, valuations and the likelihood of those companies going public.
At the beginning of 2014, there were 43 known "unicorns" worldwide – private companies, as valued at $1 billion or more. As of November 2015, that number had nearly tripled to 132. The rapid growth in the number of well-funded, late-stage private companies raises several important questions: If companies can raise so much money without tapping capital markets, why do they even need to go public? More importantly, are valuations getting so lofty that they warrant concern?
These were some of the questions addressed by the speakers at this year's 6th Annual Emerging Markets Leadership Forum, co-hosted by Credit Suisse and the Qatar Investment Authority in San Francisco. The Forum also covered several other topics orbiting technology investing, including venture capital funding and how technology is re-shaping key areas of the global economy, such as finance, energy, cyberspace, enterprise computing, social media and much more.
Watch conference speaker Jim Breyer, founder and CEO of Breyer Capital, address the sudden proliferation of unicorns, current valuations, and the likelihood of those companies going public in the future.