Mind The Unicorns: Why A Bloodbath Is Coming To Silicon Valley

According to Wright, the tech bubble is more inflated now than it ever was during the dot-com heyday and, judging from trouble in the land of unicorns, it’s about to pop and send shivers across Silicon Valley and, potentially, Wall Street.

“It’s going to be all downhill from here,” he wrote in an opinion piece for CNBC on Tuesday. “Massive losses are coming in venture capital-funded start-ups that are, in some cases, as much as 50% overvalued.”