Finally, after years of tease and denial, the unicorns are going public. These phenomenally valued firms, pumped up by venture capitalists (VCs), remained private for far longer than they did in previous startup manias, most notably the dot.com bubble of the late 1990s. That’s changing. A bit of history. In August 1995, Netscape, maker of one of the first web browsers, sold stock to the public for the first time. (Until then, it had been backed and owned by a small circle of managers and VCs.) Initially priced at $14 a share,… Read More
I’ve got a piece on The Nation’s website about the tech bubble. Funnily, Vanity Fair features many of the disruptive stars of that bubble, and of the sharing economy I wrote about for The Nation earlier this year, in their latest New Establishment list. How 2015 it all seems.