Here are the top five net worth and financial news today that we believe you would be interested to know:
The main theme today is that a billion dollar valuation ( aka Unicorn startups) is not any more an eye-popping event in Silicone Valley today. Well, it used to be up until 2014 … here is why:
News 1 : Snapchat is seeking to raise $500 million Dollars in financing with nearly $20 billion Dollar valuation. Remember the $3 billion Dollar purchase offer from Facebook ? Snapchat burn rate seems to be in the $40 to $50 million Dollars per month range.
News 2 : Pinterest is also seeking $500 million Dollars financing at a $11 billion Dollars valuation! This is despite the mere $50 million Dollar revenue of Pinterest in 2014 !
Alright, we share the same “what the f going-on?” feeling with you at this point … so don’t blame yourselves. But wait things are going to get way more crazier:
News 3 : Uber received an additional $1 billion Dollars in financing from eager investors at a astonishing $40 billion Dollar valuation! That means Uber is now roughly at one third valuation of the Intel !
News 4 : Fortune recently published an article enlisting 80 private companies (startups) with at least $1 billion Dollar valuations in early 2015! A good sign of a 2000-style tech bubble one would say.
News 5 : Venture Capital Investments in internet and web companies increased at an unbelievable 67% rate to $19.6 billion Dollars in 2014 albeit number of deals only increased by 7% compared to 2013.