Jay Ritter
Cordell Eminent Scholar Jay Ritter

Opinion: Delivery drones, robotaxis, even insurance — wildly hyped dreams for AI startups are giving tech investors nightmares

These are just a few examples of the reality that startups are too often funded by dreams that turn out to be nightmares. We recall Apple, Amazon.com, Google, and other grand IPO successes and forget thousands of failures.

Recent data from Cordell Eminent Scholar Jay Ritter (“Mr. IPO”) of the University of Florida show that 58.5% of the 8,603 IPOs issued between 1975 and 2018 had negative three-year returns, and 36.9% lost more than 50% of their value.

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