What Bubble? The Unicorn Boom Has Just Begun

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forbes.comFor the anxious throng worried about spiraling startup valuations–a group now big enough to pass for conventional wisdom in Silicon Valley–Zenefits could be the poster child for collective panic. The two-and-a-half-year-old company, which sells cloud software to help businesses manage h.r., payroll and benefits, has been bid up recently to $4.5 billion, a nosebleeding 45 times this year’s forecasted revenue and well into the “unicorn” stratosphere. The company is worth more than Sears and Columbia Sportswear and their combined two centuries of operations. Its value has increased $6.6 million for every workday it has been in business.

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photo CC by Rhett Maxwell

 

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