/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
We look at Spinny, a unicorn, to demonstrate how the used-car business is a graveyard of ideas pretending to be internet-first or internet businesses only to realize years later that the soul of the business lies in brick and mortar.
Real, valuable businesses are a dime and dozen in the world. But not all of them get to be called a unicorn.
The word, coined in Silicon Valley, has its origins in the idea that any business that calls itself a unicorn must rise up to the test that it is a technology-enabled business. And that the use of technology has propelled it to grow faster than traditional rivals, where its valuation has reached a billion dollars, while continuing to remain private.
Why is this context important? Because of the subject we are about to discuss. The purchase and sale …
