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Re:Scale Ruins Everything by MichaelZuo on Monday October 14, 2024 @06:37PM (#41842899)
That’s a pretty good point.

Are there any, at least somewhat credible, unicorns that have appeared over the last 5 years?

Re:Scale Ruins Everything by al_borland on Monday October 14, 2024 @06:59PM (#41843106)
Does OpenAI count? Founded 8 years ago, but have completely blown up in the last couple years.
Re:Scale Ruins Everything by MichaelZuo on Monday October 14, 2024 @07:24PM (#41843269)
Ehh that’s pretty iffy, since I think they were already worth more than a billion dollars well before Oct. 2019…
Re:Scale Ruins Everything by reissbaker on Tuesday October 15, 2024 @08:49AM (#41848011)
Zepto is the largest grocery delivery service in India and was YC Winter 2021, and currently is valued at $5B.

Realistically people were making these kinds of points back in 2015, and now a large percentage of the lists of unicorns were from somewhere around 2015. It just takes time for most of these companies to become well-known unicorns. The last five years is always the worst five years, until you wait another five years and in hindsight consider it a golden era.

Edit: although I do think that the couple years of high interest rates will slow the growth of startups from this era, since it has a meaningful impact on how much cash VCs can spend. The AI boom at the tail end of high interest rates will probably cover a bit of that though; OpenAI is the first runaway success but I'm pretty sure it's not going to be the last.

Re:Scale Ruins Everything by MichaelZuo on Tuesday October 15, 2024 @10:02AM (#41848716)
Thanks, that does seem like a bonafide ‘unicorn’ by any metric.