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I won't pretend to understand the world of unicorn startups, but it's important to remember that this isn't how the economy is run. For all the billions being
by noelsusman 8y ago
I won't pretend to understand the world of unicorn startups, but it's important to remember that this isn't how the economy is run. For all the billions being set on fire here it's still a relatively small piece of the technology sector, much less the economy as a whole.
- empath75 8y agoA lot of that money gets funneled into Facebook, google and aws, though. Once these unicorns crash and burn it won’t be contained to one segment of the tech industry. Engineer salaries will decline, companies like atlassian, datadog and elastic search will take a hit, etc.
- Jommi 8y agoBut Google search and aws are both profitable and legitimate business models?
- chansiky 8y agoBut but, I thought tech companies were worth an absurd proportion of the economy: [1] https://www.nytimes.com/interactive/2018/08/02/technology/apple-trillion-market-cap.html https://www.nytimes.com/interactive/2018/08/02/technology/ap... [2] https://www.marketwatch.com/story/this-1-chart-puts-mega-techs-trillions-of-market-value-into-eye-popping-perspective-2018-07-18 https://www.marketwatch.com/story/this-1-chart-puts-mega-tec...