[jongjong]

This seems more like a reflection of existing tech power structures and social dynamics rather than innovation.

The bottleneck to being a unicorn isn't so much innovation as it is access to capital. The chasm between the two seems to keep growing. Soon enough, they will be totally independent.

If current trends continue, I predict that in 5 years, for every unicorn startup, there will be many bootstrapped startups valued at peanuts providing far superior products for far lower costs. But they won't be able to access either capital or user traffic.