According to members of The Guardian, the world is now home to 147 "unicorns" - companies with private valuations of at least $1 billion. This is a 277% increase, since 2014, that has also been accompanied by talk of a startup bubble. Many prominent venture capitalists have echoed this sentiment, including Benchmark Capital's Bill Gurley and Union Square Venture's Fred Wilson.
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You're Missing Out On $100,000s
Wealthfront, the Silicon Valley’s premier automated investing service, recently announced its decision to lower the minimum initial deposit requirement from $5,000 to $500, thereby giving younger individuals the ability to invest in an incredible product. For those unfamiliar with Wealthfront, it is a “robo-advisor” service that automatically allocates deposits into a diversified ETF (Exchange-Traded Fund) portfolio.
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Uber Beats Facebook To $50B Valuation
In the world of venture capitalism, funding comparisons are often drawn between startups and more “mature," publically traded companies. Interestingly enough, in one of the most prevalent comparisons, Facebook (FB), which is possibly the most controversial startup to date, now represents the standard for “old” tech companies.
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Exclusively For Party Animals
Are you afraid of posting memorable life events on social media because your employer might see the actual craziness that occupies every second of your world (outside the office)? Are you haunted by the thought of potential employers judging your drunken midnight selfies? Have you ever wanted to visit a new bar, but been held back by fears that the pub's vibe might not align with your interests?
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Startups Primed For IPOs
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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Robotic Bartender Makes Drinking Better
How many times have you, as a man, visited a crowded bar just to have the bartender avoid you? Unless you're George Clooney, or have Kate Upton around your arm, this is bound to happen; even worse, when the bartender finally serves all the women, he still expects a tip for that hideously overpriced gin and tonic he just served you. The night that you imagined has suddenly become hellish and reality is kicking you in the head.
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Profitless Snapchat To IPO
Snapchat, one of tech's most popular and fastest growing social media applications is planning to follow in the footsteps of its successful predecessors. Similar to how Mark Zuckerberg oversaw Facebook's (FB) IPO, Snapchat Co-Founder & CEO Evan Spiegel recently stated that Snapchat “need(s) to IPO." After releasing this juicy news, Spiegel later declared that Snapchat had also formed a strategic plan for doing so.
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