Unicorn Status

topic on 2 shows · 3 statements across 3 episodes

Innovators & Investors A Product Market Fit Show

3 statements about Unicorn Status, every show

Scaling past $1B requires founders to accept dilution for strategic mergers
“I think most companies that are going to make it to a unicorn status or scale to in excess of a billion dollar enterprise valuation or a billion in sales, pick the metric. More often than not, you're going to want to have the ability to digest these strategic …”
Rick Lash Apr 1, 2025 ▶ 7:20 36 - From Startup to IPO Success with Founder and Family Office Head Rick Lasch
Targeting unicorn status leads startup founders into poor strategic thinking
“I think that, you know, sure, every founder wants their company to be as big as possible, I would say, generally speaking, and that's totally fine, but making it a goal to reach unicorn status just leads to a lot of poor thinking.”
Pablo Srugo Mar 8, 2024 ▶ 4:21 Why you shouldn't chase unicorns; 3 Big VC Myths; and how to keep control of your startup · PMF Show
PRODUCT MARKET FIT Assertion Supported
Basiri: ApplyBoard raised a funding round every 11 months starting in 2018
“Every 11 months is starting in 2018, so three years after building the company, every 11 months we done one fundraising, the company, right, went from, like, low valuation to, like, unicorn status and continuing”
Martin Basiri Jul 3, 2023 ▶ 14:37 Martin Basiri, Founder of Applyboard | How to Find Product Market Fit · PMF Show

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