unicorn

“You know, historically, if you look into the data the companies that have built unicorns or that have built Tech products and companies that have become ten billion dollar plus market cap enterprises tend to have a team founding team of two to three, you know,…”

“To make any money as a VC, even just as a partner in a hundred eighty million dollar fund, which is not huge, If you're not at least going for a unicorn, no matter what ends up happening, I can't make any money, so I'm out.”

“I think those days are coming to the end, at least on this cycle. And I think you will see a slow deflation of unicorns becoming zombie corns in a lot of places. A lot of private paper mergers are going to happen.”

“When I look at the unicorns today, you know, you're gonna see forced consolidation, you're gonna see continued gas error being let out of valuations here, and people resist it Using clever capital structures, endless consolidation, and hope that they can hold …”

“There's over 200 Companies that are considered these unicorns, many of them will probably never live up to their billion dollar valuations, but they've redefined for venture capitalists what their expectations are.”

“I think the biggest problem with valuation was the later stage valuations of so-called unicorns. That was, I think, a bigger problem, and it's, that's still, to some extent, sitting around in some companies, some overvalued companies having raised hundreds of …”

“Half of the unicorns are probably dramatically overvalued, and if they were public companies, their valuations would get chopped down pretty dramatically relative to where they are today.”

“I just don't like the word unicorn, because it's sort of like unfinished business. It's like celebrating a touchdown before you know whether you've won the game or not. And so I like to use the term narwhal. Unicorns are not real. Narwhals are real. They also …”

“We are one of the first, I would say, unicorns to do layoffs, just because usually I think in TripActions we are executing really well.”

“Everyone with their unicorns. I don't think anyone brags about being a unicorn today, do they? Do founders brag about it? It's gone out the window as a term of brag, brag, bragification.”

“So I think this, some of this stuff is starting to shift a little bit, largely because so many of these unicorns are going to be, you know, un, unhorned, or whatever the right term is, unwinged, unhorned.”

“You're going to see more private to private as well. And the reason why that makes sense for a private company is because if you're a one product company, going back to the platform play, you're going to go, you're going to have to buy another product or two a…”

“And you know, you, I mean, I can't speak to Gong in particular, but I think all of these folks, they're gonna have to rebuild their entire management teams if they haven't already. You need, you just, it's too much for the team. Folks that I know that work at …”

“I think it is a challenge for a lot of companies when you can't show them a path. And I think it was a bigger challenge in twenty-twenty-two. I think some companies have been able to sort of like show a path or have gotten there. But I think they're probably m…”

“And sometimes people, they're kind of, they're trying to find, like, a perfect solution, but the truth of life is that nobody knows future, and nobody may make, like, perfect decisions just based on information or analysis, because if it were the case, then Mc…”

“The probability at seed of picking something that becomes a unicorn is three percent.”

“I just have a company that's just become a unicorn and a late stage fund just put in almost nine figures. Okay. And they own as much as me.”

“Honestly, I didn't even notice because it's going to be one of five, 600 of these that's going to have to happen. You know, there's somewhere between 800 and a thousand unicorns and a couple of hundred of them are going to get public and the rest of them are g…”

“My gut would be, it's roughly, 20% will be good enough to get public in the end, 20% will totally, maybe 25 on each site, just for arbitrariness sake, and then 50% in the middle are meaningful enough to be valuable, but not so meaningful that they'll get publi…”

“It's not going to, you know, it's a start, but it's not going to save 500 to 700 unicorns single handedly, right?”

“But at a zoom out level, this is the kind of thing that simply has to happen over and over again In everyone's venture portfolio because we have six, 700 unicorns. We've processed five, 15 out the IPO gate year to date, so 20 for the year. That implies we got …”

“There was something like 20, 24 minted unicorns in Q one. By Q three, 15% of them already had a step up.”

“None of the unicorns are better than Figma, almost none of the prior, and if Figma isn't good enough, it's not good enough.”

“I just worry there's some ratio of potential acquirers divided by unicorns, and I think we're at the lowest ratio of our careers.”

“We looked at every, I mean, if you look at all the unicorns that were minted in Q-one or Q-two of 25, by the end of Q-two 26, at least 40% of them will have had a subsequent markup.”