The Next Amazon (Or Apple, Or GE) Is Probably Failing Right Now
The article draws two lessons from Amazon’s success. First, one ambitious, innovative company can have a huge impact not only on an industry but also on the economy as a whole. The second lesson: Amazon’s success was almost completely unpredictable, at least from the outside.
The Internet is awash with gloom-and-doom predictions about the death of many unicorns, a down market for investing in startups, falling public company multiples and a massive disconnect between private and public valuations. However, says Michael Eisenberg or Aleph VC, there’s lots of opportunities.
Taking its next step toward the future of cars, General Motors (NYSE: GM) has announced that it’s acquiring autonomous vehicle startup Cruise Automation for a reported $1 billion in a deal expected to close in 2Q. Once the deal is completed, Cruise will operate as an independent unit within GM’s recently formed Autonomous Vehicle Development team and will continue to be based in San Francisco.
How the cooling SaaS climate is changing the way startups are expected to scale.