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by sigstoat
3083 days ago
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> You're asking for the core mechanism of wealth creation in technology to be dispelled. what is, or is not referred to as a "unicorn" is not a core mechanism of wealth creation. all they said was "I wish ... call companies unicorns when they “profit” a billion dollars a year." obviously the valuation mechanism can't change, but we could all agree to be less impressed by noisy valuations, and more impressed by realized profits. |
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