Ron Burgundy Posted August 31, 2015 Share Posted August 31, 2015 By Sarah McBride and Heather Somerville SAN FRANCISCO (Reuters) - The waves of cash surfed relentlessly by some of Silicon Valley's largest venture-backed businesses are showing signs of receding amid concern the companies may already be worth more than their likely valuations once they finally go public. Investors have created 132 privately held companies valued at $1 billion or more each, according to tracker firm CB Insights, including ride-hailing service Uber [uBER.UL], accommodation service Airbnb and messaging app Snapchat. In the last couple of years, the biggest VC-backed firms, dubbed "unicorns" in 2013 by venture capitalist Aileen Lee of Cowboy Ventures, raised increasing amounts of money at a rapid pace. View the full article Quote Link to comment Share on other sites More sharing options...
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