4 ms·
I've come to view these lists as bullshit. When you go through these lists (and especially lists of "unicorns" from the states) you see a few major trends. Many
by dmitriid 6y ago
I've come to view these lists as bullshit. When you go through these lists (and especially lists of "unicorns" from the states) you see a few major trends. Many "unicorns" have several of these:
- Price dumping and market grabbing through losses subsidised by infinite investor money
- Price dumping and market grabbing by aggressively turning everything into gig economy (usually, losses subsidised by overworked underpaid couriers)
- Financial market. No one has any savings to speak of, so managing credit is quite a lucrative business indeed.
- Outright lies and vaporware: flying cars, innovative vehicles, fantastical medical devices etc. Once again, losses subsidised by infinite investor money
And among this humongous pile of outright crap there are just a few companies that actually do something. And out of those may be one actual innovator.