Unicorn School Lesson 2: Find an uncharted territory
The confidence the trio exhibits is due to the fact that they all achieved exits at previous companies, and because of the love and money that investors shower them with. It’s a lot of money, often more than they need. The unicorn era is in part, if not solely, a result of a cheap, unlimited supply of money that is found in the hands of venture capitalists and private investors and must spill over into the high-tech market. Competition over having a share of the next big company has inflated startups’ valuation, even if their profitability is not enough to justify it.
Source: calcalistech.com