The collective crisis or death of unicorns, the reflection period of the Internet economy is coming faster than we think. On August 7, luxury e-commerce was insolvent, and it was revealed that it was undergoing bankruptcy liquidation; On October 1, WeWork’s listing was suspended, the market valuation fell from a maximum of $47 billion to less than $10 billion, and the founder resigned; On October 15th, Taojiji released a "Letter of Apology to special database Partners" on its official Weibo account, acknowledging that the capital chain was broken and the payment for goods was not paid; Recently.
Zhang Zhengping also revealed that the total liabilities of Taojiji are as high as 1.6 billion yuan; On October 21, 51 credit cards were raided by more than 100 police officers, and the stock price crashed, dropping more than 40% at one point. These Internet companies have all had great success. Behind them stood top investors such as Sun Zhengyi, Lei Jun, and special database Tiger Fund. A US media pointed out that the capital market and investors are maturing, and they have changed from hyping IPOs and raising stock prices in the past to "beating" unicorn companies before going public.
The same is true in China, where vigorous layoffs, closures or losses come directly. This is a backlash against the birth model of Internet unicorns, and it is also a disaster "led" by genius founders. 1. Team, ideals and interests The life and death of a start-up company is half by luck and half by the founder. Mobike and ofo have the same starting point special database and similar development trajectories. However, the last one successfully sold itself and cashed out, and the other was heavily in debt; Ele.me and Meituan fought together in the "Hundred Regiments War", until the end, and the remaining Wang.