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Summary
SamNav editorialCommentators are looking hard for what’s wrong with startups in Silicon Valley. First they talked about valuations being too high. Then they talked about valuations not really meaning anything. Then they talked about companies staying private too long....
Excerpt · opening linespulled from source
Commentators are looking hard for what’s wrong with startups in Silicon Valley. First they talked about valuations being too high. Then they talked about valuations not really meaning anything. Then they talked about companies staying private too long. Then they talked about burn rates. But something does feel off, though it’s been hard to precisely identify. I think
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Original source
Read the full essay on Sam Altman's blog
blog.samaltman.com/unit-economics
Opens the original in a new tab · last reachable 2026-06-05