Meh? I think there’s a good amount of 2021 unicorns with poor fundamentals raising on hype and froth over growth numbers but burning cash, but there’s also plen

Meh? I think there’s a good amount of 2021 unicorns with poor fundamentals raising on hype and froth over growth numbers but burning cash, but there’s also plenty of 2021 unicorns with good business fundamentals with very long runways. I don’t think any of the figures in the article are an indictment of software as a business model. The unit economics & distribution potential remains very strong. But what’s the point of doing an IPO in a market that’s clearly down on tech? You’d only want to do it for legitimacy or you need the cash and can’t get good terms from private investors. Much better move to chill and wait for the vibes to improve. Note my perspective is colored by working at 2 SF unicorns that had (Airbnb) / have (Notion) a long duration from founding to IPO or from unicorn to IPO. Airbnb seems to be doing okay, so does Notion… neither business ever went off the deep end burning cash for quick growth numbers to wow speculative investors.