The rise of the billion-dollar tech startup

There could be as many as 40 technology startups valued at more than $1 billion, analysts say, and that number is set to increase as low interest rates and an influx of private capital boost the size and scope of seed investments. The rapid increase in valuations is making many tech executives millionaires, but it has also raised concerns that the market is becoming over-saturated with companies focusing on a few key technologies, such as cloud computing.

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