IN DEBT WE TRUST

The first “unicorn” was just a company with good branding and questionable unit economics. Mythology checks out.

✗ FAKE

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The first time someone used the word “synergy,” interest rates rose out of spite.The first “economic bubble” was literally a bubble blown by a king’s accountant. It popped immediately, like most optimism.The first cap table was a literal table with hats representing shareholders. It got messy fast.Recession is defined as two consecutive quarters of negative GDP growth. Economists’ polite way of saying, “Good luck, everyone.”The first “retirement plan” was a hammock and a dream. Markets later added paperwork for fun.The first currency exchange started when someone said “my shells are cuter than yours.” FX was born from aesthetics.See all In Debt We Trust facts →

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The first “unicorn” was just a company with good branding and questionable unit economics. Mythology checks out. | SmartAss Facts