The majority of tech start-ups that have gained a $1bn valuation in the past decade hailed from outside Silicon Valley, according to research that casts new light on the global growth of fledgling digital companies. The research into “unicorns” – fledgling tech groups that are valued at $1bn following an initial public offering, sale or publicly-declared funding round – found that 60 per cent of major internet or software companies were created outside California’s Bay Area.
Image: Mojang's Minecraft game
