Exploring how 2019 research on billion-dollar startups challenges conventional wisdom about market timing, and what it means for investors navigating today's AI bubble with sky-high valuations.

The key insight is that it's not the broader economic cycle that matters, it's the venture capital cycle. Historical data suggests that truly great companies can navigate whatever economic cycles throw at them over a 7-10 year journey to unicorn status.
How does this article from 2019 map to investing in a billion company today during an AI bubble and entry valuations that are so high that it’s difficult to make money: https://645ventures.medium.com/3-things-founders-vcs-should-know-about-building-billion-dollar-startups-during-market-fdabeb72044e


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From Columbia University alumni built in San Francisco
