late-stage startup unicorns

1 statements across 1 episodes · 0 bullish · 1 bearish · 1 people on the record · first statement Nov 20, 2025 by Jason Lemkin · across every show →

Everything said about late-stage startup unicorns, oldest first

Nov 20, 2025 bearish
Opinion
Lemkin: 900 late-stage unicorn startups generating nine-figure revenues will never go public
“And then we've got 900 unicorns that are never going to IPO. Poor guys. We have nine, we all have one or two in our portfolio that are at nine figures in revenue that are still growing and will never IPO. And there is no PE buyer for them.”
Jason Lemkin Nov 20, 2025 ▶ 56:02 Peter Thiel and Softbank Sell NVIDIA - Why? & Why VC Will Hit $1TRN and The Opening of Retail · 20VC with Harry Stebbings
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