The Daily Stat from Harvard Business Review

September 1, 2015     Mythical Beasts Become Commonplace in Silicon Valley Not long ago, only a very few start-ups, such as LinkedIn and Facebook, reached valuations of $1 billion before going public. Now there are at least 131 billion-plus ventures, according to The New York Times. Investor Aileen Lee, who coined the term “unicorn” to describe such firms, says one reason valuations are higher is that entrepreneurs now consider large industries such as hospitality (Airbnb) and transportation (Uber) to be suitable targets for start-ups. SOURCE: The Unicorn Club, Now Admitting New Members

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