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High valuation unicorn startups are starting to lose their steam. Uber, Peloton, Lyft, WeWork, and SmileDirectClub are just the beginning.
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$25 BILLION Lost In 6 Months – My Reaction
0:19 – Uber lost 35% of their value in 6 months (a billions a week
0:29 – Lyft lost billions in 6 months
0:35 – Smile Direct Club lost billions in just a couple months
1:17 – These stocks lost paper valuations because they were so inflated
2:51 – Companies that never made a profit but are worth billions of dollars
4:12 – WeWork was the turning point in valuations of unicorn companies which are startups that are worth billions with no profit
5:06 – Is this the time to buy or be cautious with your investments – watch Softbank to see what they’re doing with their Visionfund
6:06 – What you need to be aware of before you invest your money
7:30 – Investors thought these startups couldn’t lose because there was so much euphoria around them
What Is The Minority Mindset?
The Minority Mindset has nothing to do with the way you look or what kind of family you’re from. It’s a mindset.
Give the majority $200 and they will come back with a pair of shoes. Give the minority $200 they will come back with $2,000.
Think from the mindset of a consumer and be the provider, that’s the Minority Mindset. Don’t be the majority. #MIH #GetMoneySmart
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This Video: https://youtu.be/qsGbeDNTg8I
Video host: Jaspreet Singh