August 19, 2016 – Quote of the Day

?There?s a great quote from Warren Buffet where he says ?You don?t know who?s swimming without a swimsuit until the tide goes out.? “The tide is starting to go out for the unicorns. I don?t know if it is 20% out or 80% out, but you are starting to see which unicorns don?t have great business models, lack solid unit economics, or are over promotional on what they are able to achieve.? said Bill Gurley, general partner of venture capital firm Benchmark Capital.

Boat at Low Tide