3 ms·
> You're asking for the core mechanism of wealth creation in technology to be dispelled. what is, or is not referred to as a "unicorn" is not a core mechanism
by sigstoat 9y ago
> You're asking for the core mechanism of wealth creation in technology to be dispelled.
what is, or is not referred to as a "unicorn" is not a core mechanism of wealth creation.
all they said was "I wish ... call companies unicorns when they “profit” a billion dollars a year."
obviously the valuation mechanism can't change, but we could all agree to be less impressed by noisy valuations, and more impressed by realized profits.