Venture capitalists and investors are continuing to pour money into startups.
There is a vast number of startups that are worth billions, The New York Times' Quentin Hardy reports.
"An unprecedented number of high technology start-ups, easily 25 and possibly exceeding 40, are valued at $1 billion or more," Hardy writes.
"Many employees are quietly getting rich, or at least building a big cushion against a crash, as they sell shares to outside investors."
But the owners of these companies say the high valuations make them a bit nervous. That's because bigger valuations mean higher expectations.
As Hardy reports, there are a few reasons for these high valuations:
- Lower interest rates
- Wealthy, private investors are putting more money into startups
- Many of these high-valued companies sell products and services directly to other businesses