3 ms·
I think one of the more insidious problems with many of these unicorn startups is that there is no longer the fiduciary freedom to make "modest" plays like beco
by gamache 10y ago
I think one of the more insidious problems with many of these unicorn startups is that there is no longer the fiduciary freedom to make "modest" plays like becoming a protocol.
A company with $1B in venture funding isn't allowed to aspire to being a $500M business. It must grow as big as the sun, or die trying.
- 0xcde4c3db 10y agoI think there's an even more general disdain for commodity offerings, at least in American culture. There's probably a guy who's in the .01% of his ZIP code because the regional store brand paper towels needed some of those cardboard tubes. But "success" looks like Zuckerberg or Jobs, not like that guy.