Soon we will see uber, airbnb and dropbox added to this list. The problem is the new VC-funded startup model is a sham to rip off the public.
Basically build a bunch of hype around fad-based, unprofitable companies with unsustainable business models and capture massive valuation of ~50x sales before going IPO and then insiders dump all the overvalued shares on the naive dumb money and only stick around long enough to dump the majority of their stake by SEC regulations. Then proceed to shout about how you changed the world and how it wasn't for the money from your yacht.
Basically build a bunch of hype around fad-based, unprofitable companies with unsustainable business models and capture massive valuation of ~50x sales before going IPO and then insiders dump all the overvalued shares on the naive dumb money and only stick around long enough to dump the majority of their stake by SEC regulations. Then proceed to shout about how you changed the world and how it wasn't for the money from your yacht.