I know some people are fearing/cheering for a wholesale routing of the unicorns, but that's a) unlikely and b) unlikely to change tech.
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I also think that people confuse "An arbitrarily high number negotiated because theoretically sophisticated investors had FOMO" and value.
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Presence of the first does not imply absence of the second. If you're long taxis and short Uber right now, well, good luck with that trade.
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