How Throwing Money at Startups Created Problems for the Whole Ecosystem

WeWork was burning cash at a rate of $219k per hour.

Photo by Freddie Collins on Unsplash

Investors were relentlessly dumping their cash into startups, and soon a new breed of companies has emerged. And then the WeWork fiasco came along.

The “unicorn” term was first coined in 2013 by Aileen Lee from Cowboy Ventures and…