unicorn

“And if you think a decade ago, there were zero private venture-backed unicorns, these billion-dollar companies. Now, today, there are over 200.”

“Now there's 250 unicorns and there's almost a hundred and B to B software.”

“So, if you're a VC, you have the incentive, no matter where you think the company might initially fall on this rank, force ranking of multiples of invested capital, you have an incentive to try to force every company to be a unicorn, to try to shoot for the st…”

“As of January, 20, 21, there were over 527 private unicorns with a total cumulative value of over 1.9 trillion dollars.”

“But what's crazy to us is that the number of private unicorns has actually doubled, ah, in the past two years.”

“The Decacorn is the new unicorn now, like, you know, right now billion dollar was a special part. And now it's like, you know, it's, you gotta be ten billion dollars to be really special over the company these days.”

“The likelihood of becoming a unicorn is inversely related to the amount you actually talk about becoming. So, I really believe that that's true.”

“Only .6% of companies Will become unicorns. It takes an average of seven years.”

“Like, you know, the first four investments eventually became unicorns, five out of the first six.”

“The ones that used to join at one million, they're all waiting for a ten million ARR startup today or a unicorn, whichever comes earlier, all of them.”

“When we did the original unicorn analysis, we looked at kind of vintage birth years, and like what were the best years to start or found a unicorn, and generally downturn Years are the best years.”

“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.”

“I have several that, a couple that raised it north of a billion dollars in valuation with double digits, ah, millions in revenue, ok? And hooray, they have a lot of money in the bank. None of them are ever planning to ever raise another dollar of capital. It's…”

“2021 comes in and somehow we have 600 unicorns.”

“We can all laugh about the, that 800 of the thousand unicorns are junk. They're junk of corns. It's going to turn true”

“And there's almost a thousand of these unicorns from 20, 21 waiting to possibly never go public.”