2017, "the Unicorn" concept will become obsolete-the company Unicorn-IT information

Every start-up company wants to become "the Unicorn" (that is, valued at US $1 billion), but when the 2016 years come to an end, the term began to fade.

A few years ago, business or when it is not so hot like today, only one or two start-up companies in the market can be called "Unicorn" in the name. But today, when the market began when Sturm und drang, Unicorn has become less rare.

According to statistics from CB Insights, the current global Unicorn enterprises has reached as much as 183. "The Unicorn" rare meaning of the term has ceased to exist.

This situation points out some of the current potential, that venture capitalists are moving forward. Increasingly large sums of money from non-traditional investors, the money flowing into start-ups, made one after another of the Unicorn. And in order to avoid the difficulties of listing and privatization of these companies also will be kept.

But, in fact, today, the meaning of the word Unicorn more gathered at the market level. Valued at $1 billion, explains to some extent by a start-up company's success, so all companies want to be part of. People often see that startups will vigorously promote their valuations in their own press release, although the valuation itself is difficult to define.

However, in 2016 became Unicorn's passion has begun to fade.

According to CB Insights, sharp decline in 2016 new Unicorn. In 2014, the market appeared on 23 new Unicorn; by 2015, this number is 40. But in 2016, on the market just 12 new Unicorn.

And in some ways, this situation occurs because the number of large investments began to decline. In 2015, the market for more than $100 million in financing, 77, but in 2016, the number of such investment with only 41. Seems to be venture capitalists for startup companies desire to deal or no deal has begun to fade, more often, they are more willing to look for exit channel.

The short term, by the year 2017, this trend will continue. From the Israel investment company Zirra 85 authorized and available public databases for start-ups indicators such as income, expenditures, investment calculation. Compared with the forecast made by the Wall Street Journal, Zirra says, the current venture capital market ranked in the top 26.5% of the Unicorn company is overvalued, which even some well-known big companies:

Millet--Zirra valuation: $32.4 billion, the Wall Street Journal valued at $46 billion;

Airbnb--Zirra valuation: $13.8 billion, the Wall Street Journal valued at 30 billion dollars;

WeWork--Zirra valuation: $9.1 billion, the Wall Street Journal valued at 16.9 billion dollars;

Space X--Zirra valuation: $8.2 billion, the Wall Street Journal valued at $12 billion;

Dropbox--Zirra valuation: $4.8 billion, the Wall Street Journal valued at US $10 billion;

Pinterest--Zirra valuation: $4.3 billion, the Wall Street Journal valued at $11 billion;

If the forecast is accurate, then Zirra, the impasse in the overvaluation of the company will: If you want to do IPO listed or were acquired, their current valuations for; but if you want to win a round of money, then they have to accept cheap financing, which will do harm to their reputation in the market.

True, in 2016, the downturn in the capital markets has left many entrepreneurs have learned a lesson: the concept of Unicorn is not as good as a thought, while by the year 2017, those who overestimate their companies may have more trouble.

2017，“独角兽”公司概念将过时 - 独角兽 - IT资讯

每个初创公司都想成为“独角兽”（即估值达到10亿美元），但当2016年走到尾声，这个名词也开始渐渐褪色。

在几年前，创业还没有像今天这么火热的时候，市场上只有一两家初创公司能被冠以“独角兽”之名。然而到了今天，当市场开始狂飙突进的时候，独角兽就变得不那么稀有了。

根据CB Insights的统计，目前全球范围内的独角兽企业已经达到了183家之多。“独角兽”一词中的珍稀之意已不复存在。

这种情况点出了目前的一些潜在趋势，即风险投资正在不断前进。越来越多的巨额资金来自于非传统的投资机构，正是这些资金源源不断地进入初创企业，制造出了一个又一个的独角兽。而为了避免上市带来的诸多麻烦，这些公司也乐于长期保持私有化。

但事实上，在今天，独角兽一词的意味更多地聚集在了市场层面。估值达到10亿美元，某种程度上说明了一家初创公司的成功，因此所有的公司都想成为当中的一份子。人们常常会看到，初创公司们会在自己的新闻稿中大力宣传自己的估值几何，尽管估值本身就难以准确界定。

不过，在2016年，对于成为独角兽的热衷已经开始消退了。

CB Insights的数据显示，2016年新增的独角兽数量大幅下降。2014年，市场上出现了23家新的独角兽；而到了2015年，这个数字则是40家。但是在2016年，市场上仅仅新增了12家独角兽。

在某种程度上，出现这种状况的原因在于大笔投资的数量开始下降。2015年，市场上超过一亿美元的融资事件有77宗，但在2016年，这类投资数量只剩下了41宗。似乎风险投资者们对于为初创公司们一掷千金的欲望已经开始消退，更多的时候，他们更愿意寻找退出的渠道。

短期来看，到了2017年，这种趋势还会延续。来自以色列的投资分析公司Zirra结合了85项授权和可用的公共数据库，对初创公司的收入、支出、投资历史等指标进行计算。与《华尔街日报》做出的相关预测相比，Zirra方面称，目前创投市场内排在前26.5%的独角兽公司都被高估了，其中甚至不乏一些名气大噪的公司：

小米——Zirra估值：324亿美元，《华尔街日报》估值460亿美元；

Airbnb——Zirra估值：138亿美元，《华尔街日报》估值300亿美元；

WeWork——Zirra估值：91亿美元，《华尔街日报》估值169亿美元；

Space X——Zirra估值：82亿美元，《华尔街日报》估值120亿美元；

Dropbox——Zirra估值：48亿美元，《华尔街日报》估值100亿美元；

Pinterest——Zirra估值：43亿美元，《华尔街日报》估值110亿美元；

如果Zirra的预测是准确的话，那么这些被高估的公司们就会陷入僵局：如果想要进行IPO上市或者被收购，它们难以以现有的估值来进行；而如果想要拿下一轮钱，那么它们就不得不接受低估值融资，这将不利于它们在市场上的声誉。

真真假假也好，2016年，资本市场的低迷也让很多创业者们学到了一课：独角兽这个概念并不如想象般美好；而到了2017年，那些高估自己的公司们也许会遇到更多的麻烦。