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Public Markets Are Sending Some Ominous Signals to Private Tech Companies

Worrisome signs for the unicorn club.
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Photographer: Victor J. Blue/Bloomberg

After years of rapidly growing valuations and additions to the "Unicorn" club, a number of private companies have seen their valuations take dramatic cuts.

From Foursquare Labs Inc. raising funds at a roughly $250 million valuation versus a former round in 2013 at $600 million, to Fidelity writing down its Snapchat Inc. holding, there's a lot of interest in where private tech companies might be valued right now.