‘BLOOD IN THE WATER’ — 90% of the billion dollar unicorn startups are in trouble

Michael Seto/Business InsiderJim Breyer Jim Breyer, the venture capitalist who made a fortune investing early in Facebook, is optimistic about the long term picture for the technology industry. He’s particular bullish on artificial intelligence, and says his firm isn’t investing in anything that doesn’t have a smart data analytics piece to it. He likens the new artificial intelligence era to the social networking era, which changed the entire digital landscape. But, in the near term, he sees pain.  We spoke with Breyer briefly at the World Economic Forum in Davos, Switzerland. He says there is “blood in the water,” and we are entering  a 90-10 situation for the “unicorn class” of startups where 90% of the startups are either going to be repriced, or will die, and 10% will make it. …


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