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The Unprofitable Tech Index in the Public Markets Is Down 64%
The Goldman Sachs Unprofitable Tech Index in the public markets is down 64% as of this one. There are 1400 unicorns at the end of 2022 and 100% of them will likely do a down run. Brad, if you were to categorize the 1400 unicorns into one of three categories, what do you think the percentages would be? Those three categories being zombie corns, like unicorn companies that just don't deserve to exist That are a product market fit and they're going to go away. Category two would be viable companies that are just overpriced and are headed for a down round. And then number three would be the ones that are actually headed for an up round.