What's happening to all those Unicorns?
What's happening to all those Unicorns? Do you anticipate widespread market corrections (the slaughterhouse) or will Silicon Valley continue to try and breed them?
Obviously every company is different and it is hard to make blanket statements about ~200 companies but I think we are seeing the growing pains of rapid growth and easy capital. A lot of these companies will end up being great and lasting brands/companies but some of them will die. That is the nature of startups and I think the days of really prioritizing rapid top-line growth and not strong unit economics are coming to an end. Many of these companies have faulty business models that are unsustainable and it is tough to figure that out on the fly even w/ hundreds of millions of dollars in the bank.