In what has been a relatively uneventful year for tech IPOs, a number of private startups continue to set record valuations in exchange for cheap capital. While few private tech companies have released IPO information, the following seven companies have grown quite rapidly and could prove to be lucrative investment opportunities for public traders.
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The $5 Billion Mistake
Last week, social media website Pinterest announced it had raised $200 million in new funding. These new monies increased Pinterest’s valuation from the $3.8 Billion mark, reported in October of 2013, to $5 Billion. But, is the company actually worth this much, or is this simply another ridiculous Silicon Valley appraisal (read more about what drives irrational investing here)?
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