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The more interesting line from the article, for me, was this: As the funding environment cools, a lot of companies with unsustainable business models
by quanticle 11y ago
The more interesting line from the article, for me, was this:
As the funding environment cools, a lot of companies with unsustainable
business models are going to go under.
I wonder how long it'll be before Groupon declares Chapter 11. They've been bumping along at near zero growth and profits for some time now, and investor patience is going to start running out once other sectors of the economy start generating meaningful returns.
- andersen1488 11y agoYou've basically described half of the silicon valley "unicorn" crowd. The next 2 years are going to see the death of many VC backed tech companies as interest rates rise.