If Silicon Valley's swagger is an economic indicator then things are starting to look up. "The IPO window has reopened with a basket of high growth tech companies recently having successful IPOs and, more importantly, trading well in the public equity markets," said David Lyon, managing director at JP Morgan Private Bank (JPM) . Meanwhile, Lyon said all those so-called unicorns, startup companies valued at more than $1 billion, are focusing on "getting to profitability" as opposed to the growth at any cost model of a couple of years ago. As for the new new thing in the Bay Area, Lyon said most of the buzz at cocktail parties and coffee shops is about mobile phone security, artificial intelligence and robotics.
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