Fun to watch reality go out the door. Looking at the Venture Capital funding world, our friends at WeWorked really screwed it up for everyone in the business. The ramp up to Bubble 2.0 is longer and bigger than what happened leading up to 2000.
With PWC announcement that VC funding is down 42.5% Y/Y in 4Q19, it is still a crazy amount of $23B.
Unicorns are companies that have a valuation greater than $1B.
What is even more interesting are the number of Unicorns alive at the end of 2019. If you want to see the full list take a look at CBInights, and by their count over 400 worldwide.
The US being the great place it is, accounts for 200+ of the Unicorns with a combined valuation of $650B+. $1B puts these 200 companies in the company of 4200+ public companies traded in the US. It would be interesting to see what the Unicorn P/E ratios are. But judging by those that transition to public life (Telsa, Lyft etc) it will probably be P/E = NA.
That is ok, the stock goes up so everything is great.