3 ms·
Reads exactly like the stories I remember from the dot-com bust of 2000. Back then, it created a chain reaction. Even relatively established companies like Yah
by pavlov 5y ago
Reads exactly like the stories I remember from the dot-com bust of 2000.
Back then, it created a chain reaction. Even relatively established companies like Yahoo turned out to be dependent on startups for much of their revenue. As public companies they had to announce large misses from revenue targets. And that scared investors, which chilled the capital flows to startups, which led to even more startup deaths.
Personally I wouldn't invest in recent software IPOs that sell to startups. Nasty revenue surprises may be on the way.