However, considering possible future expansion, they still retain a lot of "idle" personnel, resulting in excessive personnel costs.

In "Let the Elephant Fly", the author Steven Hoffman once proposed: "Unicorns are rare. In order to satisfy the appetite of investors, have we artificially created those valuations too much?" What about overpriced unicorns? It's safe to say that the entire VC community on Dune Road needs these unicorns, or their business model won't work, and that's just because these investment firms have amassed too much capital , they have no other way to go.Investors knew that unrealistic valuations would eventually cause the bubble to burst.

In China, such cases are common.Under the current economic transformation and upgrading and the new normal of economic development, the explosive growth of "unicorn" enterprises has added a little guarantee to the economic growth rate.In fact, the proliferation of unicorns over the past five years is largely due to the advent of smartphones.

Different from the "chill" felt by the domestic venture capital circle as capital cools down and even some companies have broken capital chains, the capital winter in the United States is more reflected in an increasingly obvious investment bubble.Richer of Qiming Venture Partners said lower valuation financing is common in the United States.

However, according to reports, in the last round of fundraising before listing, Meitu was still not popular among Hong Kong institutions, and its profit model has been criticized.

For startups that have reached an advanced stage of financing and "unicorns" that are facing listing, the bubbles caused by inflated private equity valuations have begun to burst.Starting from Brother Tai alone, people continued to join, and more and more elites joined.

Because of you, Hongtai's project investment, management and services are getting better and better.This determines different strategies based on different potential energies.

Fan Zeng was so loyal to Xiang Yu that Liu Bang finally alienated him and drove him away.Brother Tai and I agree that Hong Tai must make a real contribution to China's economic development, China's modernization and prosperity.