Dead Silicon Valley Unicorns Pile Up as ‘Unicorpses’
"For Lease" signs are becoming more common on San Francisco storefrontskate
Photographer: Jason Henry/BloombergThis article is for subscribers only.
Hi, it’s Katie Roof, back in San Francisco this week. Today, I’m writing about once-hot startups turning into so-called unicorpses in the tech world. Plus, SVB Securities is getting a familiar new owner and Credit Suisse departures continue.
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I’m back in San Francisco for “tech week,” which could also be the name for any given week in this city. The mood is upbeat when discussing fast-growing sectors like artificial intelligence, but when it comes to something else, almost anything else, there’s gloom in the air.