I've been around for a while (since the late 90s) and see some promising signs that investors are getting more savvy about these things. The number of companies with real "meat" that get funded seems to be increasing relative to the number of vapid hustle-and-flip stunts. But I don't have scientific statistics for this (how would you even do that?) so it's just my impression.
On the other hand there's the unicorn phenomenon which I still do not fully understand. It's obviously some kind of game to artificially pump valuation, but I'm not sure why yet... especially since over-inflated valuations seem to almost guarantee a down round. Who benefits there?
On the other hand there's the unicorn phenomenon which I still do not fully understand. It's obviously some kind of game to artificially pump valuation, but I'm not sure why yet... especially since over-inflated valuations seem to almost guarantee a down round. Who benefits there?