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The term unicorn does not just refer to mythical horse-like creatures with a single white horn on their forehead. These days, it also refers to mainly tech startup companies with a valuation exceeding a billion dollars. Michael Wade is Professor of Innovation and Strategy at the IMD business school in Switzerland. He told Alex Ritson that the high number of unicorns may be a sign of financial trouble ahead. (Picture: A unicorn. Picture credit: ÃÛÑ¿´«Ã½.)
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