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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Replying to @patio11
Unicorn is, was, and always has been an arbitrary word attached to an arbitrary number for the sake of chasing pageviews. Salience is low.
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Replying to @patio11
Meanwhile: Apple still makes the iPhone. Google still makes AdWords. Facebook exists. Amazon exists. Microsoft ("Remember me guys?") exists.
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Replying to @patio11
I also think that people confuse "An arbitrarily high number negotiated because theoretically sophisticated investors had FOMO" and value.
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Replying to @patio11
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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Replying to @patio11
Trivial observation shows that the smartphone matters a heck of a lot more to US society, and the world, than identity of the US president.
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Replying to @patio11
From the producer side of things: we are in the best time in the history of ever to be building software and software companies.
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Replying to @patio11
Prices of a 20 person software team have tripled, but they're now *easily* more productive than a team of 100 in '99.
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Replying to @patio11
Did I mention people pay $$$ for software now? It's pretty great. There exist teams with 1~5 members pulling down high 6/low 7 figs.
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Running a business still has a ridiculously high amount of boring busywork which doesn't create value, but tools to do it democratizing fast
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Replying to @patio11
"Cloud all the things" simultaneously lowers buy-in price to capital for small tech businesses and increases economywide IT spend.
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Replying to @patio11
As a small SaaS company it's convenient to live in a world where DBs cost $5 to get started and productivity software $200/mo not $49 once.
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