Startups, Beware “The Next Big Thing”

  • Zulilly IPO’d and was quickly acquired by QVC.
  • Wish has adapted the model and currently holds an $8.5B valuation.
  • Coupang, the Korean alternative to Amazon, commands a $5B valuation, though they thrived after pivoting into a full-stack ecommerce model.
  • Even after all the drama, Groupon is still around and has a $2.4B market cap.

The media’s incentives are different than startups’

The solution? Embrace the use case

Don’t believe the hype

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