Over the past two years there’s been a lot of talk regarding “unicorns”, or startups carrying US$1-billion valuations. While the buzzword still makes for catchy headlines, skeptics fear that there is a bubble developing within the tech industry.
This belief has been reiterated in a new report by US-based First Round Capital, which surveyed 500 VC-backed startup founders. The majority (73%) believe that we are, in fact, in a bubble or witnessing over-speculation of the tech industry. Specifically, industries such as wearables and bitcoin are believed to be overhyped, while autonomous vehicles and mobile are underhyped.
