PALO ALTO, U.S./NEW YORK -- The number of freshly minted unicorns -- unlisted companies valued at $1 billion or more -- is plummeting worldwide as investors have become more risk-averse amid concerns about a potential economic slowdown caused by monetary tightening in the U.S. and elsewhere.
Venture capitalists have shifted focus to nurturing promising businesses rather than chasing opportunities for quick returns.
Datawatch
Unicorns see their green pastures dry up around the world
Number of new billion-dollar startups down 80% from 2021 peak
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