A billion dollar company isn't invincible, you can still be zeroed out by an unfavorable market. https://en.wikipedia.org/wiki/Exodus_Communications https://en.

A billion dollar company isn't invincible, you can still be zeroed out by an unfavorable market. https://en.wikipedia.org/wiki/Exodus_Communications https://en.wikipedia.org/wiki/Exodus_Communications In 2025 dollars their peak would have been $59.5B. To wit, this is roughly what Doordash is worth today, and that's a top-5 YC company. It died 9 months later.