Just because Amazon has been successful doesn’t mean others will. But they are showered with money.
By Jeffrey Funk, an independent technology advisor (linkedin), for WOLF STREET:
Unicorn startups are on the rise. Their stock prices have risen at least 50% since the pandemic began, and most have doubled and some have tripled. Although profitable startups like Zoom, Roku and Square are growing the most, even startups with big losses do well. Snap, Twilio, and Pinterest share prices have risen three times, Slack shares have doubled, and Uber and Lyft shares are up 50%.
VC funding is also strong. Funding reached its highest ever level of $ 125 billion in the first quarter of 2021. And this follows a record year in 2020 and the previous five years between 2015 and 2019. Optimism about the impact of startups on productivity is at an all-time high. VC fund managers like Marc Andreesen, founder of Netscape, predict a productivity boom in the 2020s.