US and Chinese funds top the list, while Tiger Global Management has the most 'unicorns,' or companies with $1 billion valuations, in its portfolio.
Some of the biggest funds in the world have backed major tech start ups, many of which have become"unicorns," or companies with $1 billion valuations.
Some of the world's biggest investment companies are racing to back the most exciting tech unicorns — private companies worth more than $1 billion — as"We look for some obvious factors, such as a market that has the potential to become really large, and a disruptive product that customers love," Luciana Lixandru, a partner at Accel, said in an interview with Business Insider."We also look for a certain spark, which typically goes back to the entrepreneur.
"The investment landscape is pretty competitive," added Lixandru."Interesting startups typically have their pick of investors and receive several offers."
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