David Gilboa Archive

Where Have All the Unicorns Gone?

LONDON, United Kingdom — Privately-held start-ups valued at $1 billion or above were once as rare as unicorns, hence the label widely used for such companies in Silicon Valley and beyond. But in 2015, unicorns weren’t such an uncommon beast. In fashion alone, Warby Parker, Farfetch and Rocket Internet-backed Global Fashion Group earned a valuation of $1 billion or above for the first time last …