Cowboy Ventures' Aileen Lee on Survival of Tech Unicorns

The transcript discusses the origin and impact of the term 'Unicorn' in the tech industry, coined in a 2013 blog post to describe billion-dollar companies. It explores the speaker's focus on being a successful investor and the importance of understanding the foundations of these companies. The conversation shifts to the current state of unicorn valuations, noting a deceleration in valuation multiples but emphasizing the enduring value of technology and innovation. The discussion concludes with thoughts on whether the market has reached 'peak unicorn' and predictions for future trends.

What are your thoughts on the current trends in valuation multiples for unicorn companies?

Do you think we are beyond the peak of unicorn valuations, and what factors contribute to your opinion?