jeffrey lee funkThe “Unproductive Bubble”Unprofitable startups, small markets for new digital technologies, and little commercialization of new science12 min read·May 16, 2022--1--1
jeffrey lee funkFake it till you make it’ is an old trick Silicon Valley startups use to get moneyThe great British economist John Maynard Keynes wrote that entrepreneurs are necessarily optimistic, with the fear of failure “put aside as…5 min read·Mar 11, 2022----
jeffrey lee funkThe Age of Big Promises and Small Results For New TechnologiesWe live in an era of big promises but results that fall far short of expectations. Take the failed construction startup Katerra. Founded in…7 min read·Feb 8, 2022----
jeffrey lee funkIs Rationality Finally Emerging for Unicorn Share Prices?2021 was a great year globally for venture capital and startups. Initial public offerings (IPOs) raised a record $594 billion in 2021…5 min read·Feb 5, 2022----
jeffrey lee funkMost Unicorn Startups Will Not Overcome Their Cumulative LossesShare prices for video service startup Zoom, social media startups Snap and Pinterest, e-commerce startups Etsy, Purple, Wayfair, and…7 min read·Jul 19, 2021--1--1
jeffrey lee funkHow Fast Is Digital Transformation Proceeding?Digital transformation was supposed to give us higher productivity, a better quality of life, and perhaps higher unemployment. Yet…5 min read·Jun 21, 2021----
jeffrey lee funkFew AI Startups Release Revenue Numbers, Much Less Income Numbers: Will Any of Them Ever Make a…Only four Western and two Chinese AI companies report income, and all have big losses. CrowdStrike and c3.ai both did IPOs and had losses…6 min read·Dec 22, 2020----
jeffrey lee funkSmall Impact of Lockdowns on Startup Unicorn Profits: Only 7 of 69 Are Profitable in 2020, Up From…Small Impact of Lockdowns on Startup Unicorn Profits:6 min read·Dec 15, 2020----
jeffrey lee funkCan Ride Sharing Survive Huge Losses and Lockdowns?The sharing economy was supposed to change the world. Driven by the diffusion of smart phones and new services, many expected that cars…8 min read·Dec 7, 2020----
jeffrey lee funkHow Can Better Business Models be Created?By Understanding the Technology8 min read·Nov 30, 2020----