Unicorn valuations are fit to burst, warn investors

Booming asset owner interest in technology-linked private equity investments have fostered an army of start-ups and aspiring entrepreneurs, with some private companies enjoying record-breaking valuations. But a growing number of investors believe the upsurge is unsustainable and predict an oncoming collapse in the valuation of many so-called “unicorns”, in a manner reminiscent of the popping of the dot-com bubble in April 2000. “Thank God Thailand doesn't have unicorns because t…