Thursday, October 8, 2015

The Age of the Cockroach — Medium

By: Caterina Fake, Medium
Sep 30, 2015
A Plague is coming to kill off the Unicorns, predicted by tech prognosticators everywhere. Inflated and unsustainable valuations, a shaky stock market, a weak China, and the aftermath of excessive enthusiasm are all pointing to the inevitable. And as the Unicorns fall, they will take many smaller and unmythical startups down. For many years our industry’s venture community has been following a Unicorn-based investment strategy, which has already wounded the Work Horse startups. And the repercussions of the Plague will be felt by startups of all sizes and prospects.

Good things happen slow, and since the comeback from the 2008 crash we’ve been living large, investment was easy to come by. But bad things happen fast. And ups and downs are inevitable.

Who will survive? As always, the less glamorous, but very hardy Cockroaches. Cockroaches have outlasted doomsday asteroids and dinosaur extinctions. They can live for six weeks without food. They are not choosy about what they eat; they don’t need sugar, which other insects crave. They can subsist on grease, hair, or glue. They lack glamour and are ugly and unassuming. You usually don’t see them. They move fast.

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