Translation

Zombie unicorns are haunting Silicon Valley

The article examines the growing number of "zombie unicorns"—private startups valued at over $1 billion that are struggling to grow or turn a profit. These companies are surviving on past funding rounds but are unable to go public or secure new investment, creating concerns for venture capital firms and the broader tech ecosystem in Silicon Valley.

Background

- A "unicorn" is a private startup valued at $1 billion or more. A "zombie unicorn" is one that reached that valuation during the low-interest-rate boom (roughly 2020–2022) but now cannot grow into that valuation, go public, or find a buyer at a decent price — it's stuck in limbo, often burning cash.

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Zombie unicorns are haunting Silicon Valley

Background

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