3 ms·

This is generally a good sign for the market. Not so good for bloated startups without a viable business model or cash positive finances (including probably the

This is generally a good sign for the market. Not so good for bloated startups without a viable business model or cash positive finances (including probably the majority of the unicorns out there at the moment). For such firms it's about to be a bloodbath, but hard facts are that there's a lot of junk out there that got funded in loftier times and now needs to be flushed out of the system. For lean startups with a strong business model and profitability, or a clear and viable path to profitability, washing out the junk startups will only help.

aswanson 10y ago
Yup, same as it ever was. I remember back in 2001 saying to myself, "Good, all the bullshit is flushed out. Anything that survives this is real and should be invested in." Too bad I didnt put a few thousand into YHOO and AMZN back then: http://finance.yahoo.com/q/hp?s=AMZN&a=04&b=16&c=1997&d=04&e=21&f=2002&g=d http://finance.yahoo.com/q/hp?s=AMZN&a=04&b=16&c=1997&d=04&e...
- paulpauper 10y ago
  AMZN and GOOG would have been great investments and still are
  - deleted 10y ago
    [deleted]
  - paulpauper 10y ago
    I know but it was founded in 1998 and survived.
    - lazaroclapp 10y ago
      Sure, but what he means is most normal people wouldn't have been able to invest in GOOG then.
  - SilasX 10y ago
    Google IPO wasn't till '04 though.
misnamed 10y ago
I'm just glad to see it's happening slowly and rationally and not through a crash this time (at least not yet).
pj_mukh 10y ago
Who are these "majority of unicorns" that everyone casually passes around? Yes, there were some journalistically well covered flame-outs, but is there a trend of companies worth more than $1B flaming out? Otherwise, companies without a promising business model flaming out is definitely a good thing.
- toomuchtodo 10y ago
  https://www.cbinsights.com/research-unicorn-companies https://www.cbinsights.com/research-unicorn-companies

aswanson 10y ago

Yup, same as it ever was. I remember back in 2001 saying to myself, "Good, all the bullshit is flushed out. Anything that survives this is real and should be invested in." Too bad I didnt put a few thousand into YHOO and AMZN back then: http://finance.yahoo.com/q/hp?s=AMZN&a=04&b=16&c=1997&d=04&e=21&f=2002&g=d http://finance.yahoo.com/q/hp?s=AMZN&a=04&b=16&c=1997&d=04&e...

paulpauper 10y ago
AMZN and GOOG would have been great investments and still are
- deleted 10y ago
  [deleted]
- paulpauper 10y ago
  I know but it was founded in 1998 and survived.
  - lazaroclapp 10y ago
    Sure, but what he means is most normal people wouldn't have been able to invest in GOOG then.
- SilasX 10y ago
  Google IPO wasn't till '04 though.

misnamed 10y ago

I'm just glad to see it's happening slowly and rationally and not through a crash this time (at least not yet).

pj_mukh 10y ago

Who are these "majority of unicorns" that everyone casually passes around? Yes, there were some journalistically well covered flame-outs, but is there a trend of companies worth more than $1B flaming out? Otherwise, companies without a promising business model flaming out is definitely a good thing.

toomuchtodo 10y ago
https://www.cbinsights.com/research-unicorn-companies https://www.cbinsights.com/research-unicorn-companies