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The year tech unicorns became donkeys
2019 may be remembered as the year so many unicorns turned into donkeys.
So did its prime competitor, Lyft — together, they have shed more than $40 billion in value since going public.
Given the borderless nature of most digital unicorns, it’s important to remember that doing business — especially digital business — in one country is very different from doing business in another.Too many investors draw too heavily on American experiences and expectations when evaluating digital companies.
The valuation rules of thumb analysts are taught simply aren’t enough to aggregate across this degree of geographic heterogeneity.Consider the Indian market.
Yet there are many challenges to doing digital business in India. | To read full story, visit https://startuparound.com/read/1577772010.2652156/The-year-tech-unicorns-became-donkeys?ref=audio_experience
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By Startup Around2019 may be remembered as the year so many unicorns turned into donkeys.
So did its prime competitor, Lyft — together, they have shed more than $40 billion in value since going public.
Given the borderless nature of most digital unicorns, it’s important to remember that doing business — especially digital business — in one country is very different from doing business in another.Too many investors draw too heavily on American experiences and expectations when evaluating digital companies.
The valuation rules of thumb analysts are taught simply aren’t enough to aggregate across this degree of geographic heterogeneity.Consider the Indian market.
Yet there are many challenges to doing digital business in India. | To read full story, visit https://startuparound.com/read/1577772010.2652156/The-year-tech-unicorns-became-donkeys?ref=audio_experience