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how many of the unicorns out of SV are actually viable businesses that will gain genuine traction 10 years from now? I suspect not a whole lot
by bodge5000 5y ago
how many of the unicorns out of SV are actually viable businesses that will gain genuine traction 10 years from now? I suspect not a whole lot
- deleted 5y ago[deleted]
- shalmanese 5y agoThis is a testable proposition. We can look at the list of billion dollar startups from 10 years ago (all 11 of them) and see how they fared since: https://www.forbes.com/sites/nicoleperlroth/2011/06/02/the-billion-dollar-startup-club-then-and-now/?sh=574837c02fae https://www.forbes.com/sites/nicoleperlroth/2011/06/02/the-b... Kayak, Facebook, Twitter, LinkedIn, Bloom Energy and Integra Telecom (Electric Lightwave) are still doing well, Groupon and Zynga are significantly diminished and Living Social, Gilt Group and Better Place are dead. So the answer appears to be 50/50 and social commerce was a huge fad.
- Sanguinaire 5y agoA billion dollars today and a billion 10 years ago are not the same thing. It's not just a question of inflation either; there is more money sloshing around in VC (or similar non-retail funding sources) than ever.
- pphysch 5y agoThis is important. Current QE policy is over $100B/month. Lots and lots of free money floating around.
- cde-v 5y ago0 as soon as the law catches up and fixes the loopholes that are the basis for what seems like the majority of startups these days.