Re:Europe’s Startup Unicorns
by dmitriid on Monday November 23, 2020 @12:57PM
(#25189532)
I've come to view these lists as bullshit. When you go through these lists (and especially lists of "unicorns" from the states) you see a few major trends. Many "unicorns" have several of these:
- Price dumping and market grabbing through losses subsidised by infinite investor money
- Price dumping and market grabbing by aggressively turning everything into gig economy (usually, losses subsidised by overworked underpaid couriers)
- Financial market. No one has any savings to speak of, so managing credit is quite a lucrative business indeed.
- Outright lies and vaporware: flying cars, innovative vehicles, fantastical medical devices etc. Once again, losses subsidised by infinite investor money
And among this humongous pile of outright crap there are just a few companies that actually do something. And out of those may be one actual innovator.
- Price dumping and market grabbing through losses subsidised by infinite investor money
- Price dumping and market grabbing by aggressively turning everything into gig economy (usually, losses subsidised by overworked underpaid couriers)
- Financial market. No one has any savings to speak of, so managing credit is quite a lucrative business indeed.
- Outright lies and vaporware: flying cars, innovative vehicles, fantastical medical devices etc. Once again, losses subsidised by infinite investor money
And among this humongous pile of outright crap there are just a few companies that actually do something. And out of those may be one actual innovator.