It’s not surprising that mobile unicorns are multiplying, with mobile internet revenue forecast to hit $850 billion by 2018. What is staggering is that the 89 mobile unicorns across 18 sectors and 15 countries in Silicon Valley based tech advisor Digi-Capital’s new Mobile Internet Report Q2 2015 are now worth an average $9.3 billion, after adding $44 billion in Q2 to hit $831 billion total shareholder value. Even mid-range (i.e. median) mobile unicorns are worth almost $3 billion, so “only” $1 billion valuations might be losing their mythical status.
Some folks in Silicon Valley think unicorns will continue sprouting wings and soaring. Others say they’re plain old horses with fake horns glued on. But mobile unicorns are unpredictable mythical beasts, so only time (and the market) will tell what happens next.
Will your startup be the next mobile unicorn?