Unicorn Startup Funding Rounds `Have No Reality,' Diller Says

  • Investors paying `opportunity cost' to get in, he says
  • Money pouring into space because of development in mobile

Does Anyone Actually Believe Tech Valuations?

The valuations of startups known as unicorns, valued at $1 billion or more, “have no reality” because the companies aren’t making money, IAC/InterActiveCorp Chairman Barry Diller said. 

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