Chapter
The Current State of Unicorn Companies
11:47 - 33:23 (21:35)
The tech industry's obsession with valuations over profits leads to the continual rise of unicorn companies, causing concerns over a potential bubble burst, especially with the lack of profitability and sustainable business models. However, the continued flow of money from investors, such as the Soft Bank Vision Fund, into these companies creates a potential crisis if they fail.
Clips
The founder of Thumbtack, Marco Zappacosta, reflects on the era during which the iPhone was introduced and how it came to dominate the market by understanding its customers better than they understood themselves.
11:47 - 19:11 (07:24)
Summary
The founder of Thumbtack, Marco Zappacosta, reflects on the era during which the iPhone was introduced and how it came to dominate the market by understanding its customers better than they understood themselves.
ChapterThe Current State of Unicorn Companies
Episode#242 - John Roa - The Dark Side Of The Startup World
PodcastModern Wisdom
Kara Swisher, executive editor of Recode Decode, discusses how the tech industry's focus on private valuations rather than revenue and profitability is leading to a toxic environment, and how companies like WeWork and Nikola have been caught up in this.
19:11 - 27:30 (08:19)
Summary
Kara Swisher, executive editor of Recode Decode, discusses how the tech industry's focus on private valuations rather than revenue and profitability is leading to a toxic environment, and how companies like WeWork and Nikola have been caught up in this.
ChapterThe Current State of Unicorn Companies
Episode#242 - John Roa - The Dark Side Of The Startup World
PodcastModern Wisdom
Venture capital firms continue to make absurd bets on unrealistic growth, with SoftBank and Saudi wealth fund-backed capital leading the way.
27:30 - 33:23 (05:52)
Summary
Venture capital firms continue to make absurd bets on unrealistic growth, with SoftBank and Saudi wealth fund-backed capital leading the way. They are taking advantage of the situation by investing in start-ups, causing the entire paradigm to change, and winning obscenely on these deals with little practicality.