Veev’s Journey From Unicorn To Unicorpse: A Twist Of Tech Fortunes
Oh Veev, It was Sweet While it Lasted!
Remember Veev? That soaring real estate high-flyer turned tech wizard that had all of Silicon Valley buzzing? It seems like only yesterday when Veev soared to unicorn status (that’s billion-dollar valuation for you non-techies out there). Dear readers, prepare your handkerchiefs as this tech fairy tale does not come with a happily-ever-after ending.
A Sudden Calamity
According to the birdies perching near Calcalist’s offices, the company who bagged $600 million in funding, with a generous slice of $400 million lining their pockets just in March 2022, is about to slam the door close. As in, forever. I guess it’s time to play “Another One Bites the Dust”… but in this case, it’s not just another one. This was a ‘unicorn’ one, ladies and gentlemen.
It seems the tech kingdom we all know and love is starting to resemble a Game of Thrones episode—houses rise, houses fall, but the life-changing technology carries on. They say all good things must come to an end, but why oh why did it have to be this abrupt?
Unpacking the Unfortunate Events
The tech world is a brutal stage. Step into the limelight as the newest sensation and before you’re even done bowing, you’re packing your bags. It’s like getting canned right after the promotion party. It’s brutal and rapid, quick on the draw and faster to drop. Veev, we hardly knew ya!
Hot Take:
Avast ye, mates! Here’s a little nugget to chew on. The tech landscape, as it stands, is a unicorn-breeding ground, ready to christen every newbie with a billion-dollar horn. But one thing is clear: being a unicorn isn’t a free pass to forevermore. It doesn’t make you an immortal tech god destined to colonize Mars. It’s more like being crowned the prom king or queen. Nice for the moment, but come Monday, you’re back to doing algebra like everybody else.
Original article: https://techcrunch.com/2023/11/27/prefab-home-builder-veev-reportedly-shutting-down-after-reaching-unicorn-status-last-year/
