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The Unicorns wander out of the enchanted forest, and turn out to be just horses with a stick stuck to their head. Theres been much hand wringing about the sky
by benj111 7y ago
The Unicorns wander out of the enchanted forest, and turn out to be just horses with a stick stuck to their head.
Theres been much hand wringing about the sky high valuations, and its not really surprise when push comes to shove, those valuations don't play out. How a $65 billion potential valuation (or $47bn 'actual') becomes a $10bn float will be a write up I look forward to though.
- askafriend 7y agoA couple of bad companies don't characterize an entire market. Have you forgotten about the successes already? Slack, Zoom, Pinterest, PagerDuty, Okta, Cloudflare, Twilio, Shopify, Twitter, LinkedIn, Facebook, Roku, Elastic, etc etc. They all IPO'd this decade and are enormously successful and have justified their valuations. This is a Softbank-specific problem. Not a problem with all companies.
- benj111 7y agoI'm not saying they're bad companies, just that they've been blown up to mythical proportions, Unicorns don't exist, their tears won't cure all ailments, they don't fart rainbows, and Wework is probably more reasonably valued as a property company, not a tech company. Facebook fell after it's IPO by quite a lot btw.