4 ms·
Why would this be the end of the startup era? That era has been going on for decades it's just taken different forms. It's maybe the end of the overvalued photo
by bane 9y ago
Why would this be the end of the startup era? That era has been going on for decades it's just taken different forms. It's maybe the end of the overvalued photo sharing mobile app company era (it can't come soon enough).
Even "old" startups like Palantir that claim valuations at $20 billion are privately being revalued down significantly [1].
We're simply moving into a different era and the very public, very flash, direct to consumer startup market appears to be well beyond saturated. The money will go back to where it's always gone, quieter B2B type companies that build boring technology that solves less glamorous, but more important, problems.
1 - https://www.bloomberg.com/news/articles/2017-10-17/palantir-will-struggle-to-hold-on-to-20-billion-valuation-report-says https://www.bloomberg.com/news/articles/2017-10-17/palantir-...