unicorn – The Musings of the Big Red Car

Casper, The Non-Unicorn Mattress Company

Big Red Car — Wed, 29 Jan 2020 15:40:17 +0000

Comes once again our dear friends from Casper the mattress company. You will recall we wrote about them here: The Casper IPO IQ Test wherein we cast some shade on the impending unicorn — $1B market cap post IPO — value of Casper. Now, it appears that the market is smarter than we thought at […]

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The We Work Fallout

Big Red Car — Sun, 27 Oct 2019 05:57:15 +0000

We Work was symptomatic of venture capital funded companies that tiptoed to the public markets with no profits to feed the beast. In the case of We Work, the market finally woke up and said, “Hey, you don’t even have a plan to become profitable. Get outta here.” We Work was further punished for the […]

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UBER Surge Pricing

Big Red Car — Mon, 13 May 2019 16:06:59 +0000

Hail, Uber! Uber went public last week with great fanfare befitting the third largest Initial Public Offering in US history. Hoorah, Uber! All hail Uber! Then, they ran into reality and reality drowned them with surge pricing. Uber came public at the low end of the proposed range (already a huge disappointment when compared to […]

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Unicorn Hunting Season

Big Red Car — Fri, 05 Dec 2014 15:23:30 +0000

Big Red Car here. Ahhh, back to the great times in the ATX, y’all. I know you’re jealous. Who wouldn’t be? Going to be 76F today. Ahhh, on Earth as it is in Texas! The ATX. So The Boss was talking with one of his brilliant CEOs who took his advice and bought an Old […]

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