Re:The Next Mark Zuckerberg Is Not Who You Might Think
by adventured on Thursday July 02, 2015 @10:59AM
(#9819308)
Even most of the unicorns are boring.
They're overwhelmingly in "fintech", "big data", and productivity software.
Re:The Next Mark Zuckerberg Is Not Who You Might Think
by techbio on Thursday July 02, 2015 @02:25PM
(#9820659)
These are some bizarre categorizations! By whose POV are they sliced and sorted?
eg. Uber and Lyft are "On-Demand" not the more natural, "Transportation"; Spotify and Evernote are "Internet Software and Services", not "Media" and "Productivity" respectively; another is denoted "Greentech" not "Energy".
I suppose $1B can call anything anything.
And most of the founders are older guys who are also boring, they don't do exciting movie star CEO stuff. They just found a super specific niche and are filling it really well and making great money doing it.
So when I go and talk to these same investors, it is clear that most of them don't really care about moonshots or big market shifting ventures, despite what they say. They want cash flow positive companies who might have a reasonable chance of being acquired and don't really need that much work - because make no doubt, all of those unicorns or whatever you want to call them take a ton of work from the investors.
But I have no desire to be a part of one of those companies. They generally aren't particularly ambitious at global scale - they aren't trying to change human behavior or move markets like airbnb, uber, facebook, google etc...they just want to make good money, and are generally pretty good at it. Might as well go work for Oracle at that point.