[orange_tee]

Maybe the disconnect here is that they are talking about "innovation" but not necessarily profitable innovation.

There's also something to be said about the kind of innovation that disrupts a whole market, and the kind of innovation that incrementally improves on some process or tool. Maybe another question would be, is there enough of the latter kind of innovation to make up (economically) for the lack of unicorns?

[mbrodersen]

Unicorns are a net negative to the world. Uber isn’t even a business for example. It is using invested money to make taxis cheaper. That’s not innovative or even a business.