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This one is certainly a debacle. Uber was the 1 unicorn left. There is no other darling startup that's gonna be scratching $100b anytime soon. This IPO failure
by jressey 7y ago
This one is certainly a debacle. Uber was the 1 unicorn left. There is no other darling startup that's gonna be scratching $100b anytime soon. This IPO failure ended the crazy run of cash since the '08 crisis.
It was also a debacle because anyone who is not an idiot sees that Uber is doomed. You think their little GPS app is actually an advantage with respect to self driving? There is no barrier for entry, none. They are as likely to lose as they are to win, if full automation is actually a viable technology in the next 10 years (it isn't).
- ipsum2 7y agoI thought "unicorn" referred to anything >$1 billion. Slack IPO is rumored to come soon, their last valuation was >$7 billion.
- jressey 7y agoI have heard that but it is my opinion that companies valued >= $1B are becoming a dime a dozen. I work at one climbing that ladder and we could be displaced in 6 months by a better implementation.