Unicorn Startup

“So mathematically, if you put both together, you can see that the funding per unicorn has increased five X since 2021.”

“I don't think we'll have in the next few years, like the sort of unicorn with a single, single employee type of situation. I think that will probably take a little bit longer and we'll be non-trivial to get right.”

“I, I'm, I think a lot of them will quiet quit. Like, I raised three hundred million and a billion. I can't see it, Eric. Like, I could see, great, there's a two hundred million dollar exit, and yeah, I'll get a carve out, and I'll make some money, but I can't …”

“I think 60% go to zero. Of the remaining 40%, half of them probably return money. And then of the remaining half, half of those maybe get one and a half X. And then you get a geometric distribution from there, which means the blended return of that entire stre…”

“If as an employee, if you join a company with, in, in, in, in 2023 with a valuation over a billion as an employee, you're gonna make nothing. It doesn't matter what it sells for, you're gonna make nothing.”

“If as an employee, if you join a company with, in, in 2023 with a valuation over a billion as an employee, you're gonna make nothing. It doesn't matter what it sells for, you're gonna make nothing.”

“Our advocacy has been, don't fucking chase being a unicorn. Being a unicorn is a shitty place to be for most people most of the time, and the kinds of companies that come out of that that are unicorns, half or more of them are totally morally deplorable, and y…”

“There's a lot of great businesses that get, that are sort of the exhaust of the VC ecosystem that get left in the dust because they don't fit the unicorn mold. And that's too bad because a lot of that value gets lost.”