Uber is special, but the rest of the companies you named there were at one point rather early in their lifecycle profitable, no?
AirBnB for sure. Pretty sure Dropbox and Slack were in the black for awhile. Please feel free to educate me about Pinterest, I have no idea.
But personally, I think the idea of companies designed to corner a market and then get acquired are just a different kind of medium term investment strategy. For every unicorn you see, there are hundreds of failures where the plug got pulled and information got fed forward to preferential incarnations of the venture.
AirBnB for sure. Pretty sure Dropbox and Slack were in the black for awhile. Please feel free to educate me about Pinterest, I have no idea.
But personally, I think the idea of companies designed to corner a market and then get acquired are just a different kind of medium term investment strategy. For every unicorn you see, there are hundreds of failures where the plug got pulled and information got fed forward to preferential incarnations of the venture.