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This is a very lazy article. It makes a lot of broad and sweeping claims, but doesn't have any evidence to back it up. Most importantly: why is this bubble wor
by morgante 11y ago
This is a very lazy article. It makes a lot of broad and sweeping claims, but doesn't have any evidence to back it up.
Most importantly: why is this bubble worse than the last one for employees? Employees all had stock in the dot-com bubble as well, and were equally wiped out when it burst.
Personally, I think this argument is much less feverish than the last one. Unicorns might not be profitable, but they're generating substantial revenue. Uber has a crazy valuation, yes, but they're also making $10 billion a year in revenue. [1]
[1] http://www.businessinsider.com/uber-revenue-rides-drivers-and-fares-2014-11 http://www.businessinsider.com/uber-revenue-rides-drivers-an...
- bdcravens 11y agoI think (unsubstantiated as well) that less parachutes are being given out to employees this time around, and VCs have gotten smarter. Many VCs were around then, whereas I'd bet that better than 50% of those reading this thread weren't of working age when the last bubble burst.