IN DEBT WE TRUST

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

✗ FAKE
A unicorn is a privately held startup valued at over 1 billion dollars, a term coined by investor Aileen Lee in 2013. It was not a name for a company with questionable economics.

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The first venture capitalist invested in a lemonade stand and demanded a board seat. Childhood hasn’t recovered.Warren Buffett bought his first stock at 11. Meanwhile, you were just discovering Pop-Tarts.The first economic forecast was made by reading tea leaves. It predicted “uncertainty,” which remains undefeated.The first electronic stock market was the NASDAQ, launched in 1971. Because even stocks wanted Wi-Fi before everyone else.The 2008 financial crisis was triggered by the collapse of mortgage-backed securities. Or as Wall Street called it, “Oops.”The first accountant invented spreadsheets to avoid emotions. Numbers don’t ask how you’re feeling.See all In Debt We Trust facts →

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