One of the most highly-watched phenomena in the past few years has been the ascendancy of the unicorn. Whether 2015 will go down in the record books as the peak of this tend remains an open question, however.
These private companies, many of them startups, are valued at $1 billion or more--sometimes much more. Yet as rare as their mythical namesake suggests, the actual list of such companies has swollen to include 142 names, according to venture capital research company CB Insights. Nearly half of the companies joined the list in 2015 alone.
But it could be that 2016 is the year that so-called unicorns lose their horns, or become "uni-corpses," as some financial experts like to quip.
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