Source: Pixabay
Throwback to the early days of the 2010s where most startups are founded on the concept "We are the Uber of X", "We are the Tinder of X", etc.
Uber of X: a platform connecting service providers (cars, cabs, space) with customers.
Tinder of X: a platform for customers to select service providers by swiping.
AirBnB: Uber of Hospitality
WeWork: Uber of Office
BarkBuddy: Tinder for Dog
Blonk: Tinder for Jobs
These startups sucked up a large amount of capital from investors over the past decade - although not a lot of them became as successful as Uber or Tinder (the OGs).
It used to be if you were something like the OGs, it was easy to get funding or a successful IPO.
Now, it seems like if your business model is like the OGs, your stock is not going to perform well.
Uber, Lyft, and other unicorns listed this year have stock prices that are below their IPO...