News Pick – Silicon Valley’s Next Phase is Focusing on Viable Business Models Over Rapid Growth – FP

unicorns

June 30, 2016 – “We lived through 2015 with venture subsidy — you could get cheap rides, cheap food, cheap everything because the VCs were funding it,” says Sean Behr, chief executive of Zirx. “Not any more.”

There has been a marked shift in Silicon Valley’s investment climate. The region’s VC-funded innovation machine has always judged rising stars on the strength of their revenue growth rates. Suddenly, however, even the most high-profile unicorns — start-ups valued at more than $1bn — have started to obsess about a different metric: profits.” Read more at Financial Post