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Explaining The Explosion In $1B Tech Valuations

  • Fortune, Friday, January 23, 2015 11:11 AM
Fortune considers the rapid rise in tech startups valued at $1 billion or more. “It wasn’t long ago that the idea of a pre-IPO tech startup with a $1 billion market value was a fantasy,” it writes. Now, Fortune counts 80 of them, and “Technology is driving the boom.” In particular, “Smartphones, cheap sensors, and cloud computing have enabled a raft of new Internet-connected services that are infiltrating the most tech-averse industries.” Think Uber and Airbnb. “Investors see massive opportunity in the upheaval.”

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