A lot of startups has not sound business ideas. Rather they have been fueled by cheap below real market central bank interest rates seeking higher return than z

A lot of startups has not sound business ideas. Rather they have been fueled by cheap below real market central bank interest rates seeking higher return than zero. Some startup founders are hustlers. The children story by hc Andersen about the emperor without clothes. trying to convince he has clothes comes to mind. https://en.m.wikipedia.org/wiki/The_Emperor%27s_New_Clothes https://en.m.wikipedia.org/wiki/The_Emperor%27s_New_Clothes There will be a shake down of real pegususes versus so called unicorns. One magical creature has wings the other does not. Of course people will be attracted to services selling services below market rate but it is not long term economically sustainable.