What I take away from this is that soon it may make sense to invest in unicorns! Initially investing in money losing companies was a contrarian investment strategy. Then everyone piled in, making it an even better investment strategy as assets became overpriced. Think Uber. And authentic opportunities became scarce, think Zume.

The Indie.vc model is contrarian and probably doing well. It will continue to do well as it becomes imitated. And then the cycle will repeat. So keep your eye on unpopular unicorns!