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The Unicorn Club 2015: Learning from Billion-Dollar Companies

41 pointsby kevin_morrillalmost 10 years ago

6 comments

programminggeekalmost 10 years ago
&quot;There’s still too little diversity at the top&quot; is such a stupid statement given the fact that you are talking about &quot;unicorns&quot;, some 0.14% of VC backed companies get to a billion dollars.<p>By that very definition of &quot;normal&quot; shouldn&#x27;t really apply should it? These companies and their circumstances are rare. So, you&#x27;re talking about outliers.<p>Also, it conflates two very different issues. Performance and diversity. Obviously women can lead and do a fantastic job at top level positions. But, these companies weren&#x27;t built with or by women at the top.<p>It&#x27;s like talking about the fastest people to run 100m sprint, and then complaining that there isn&#x27;t enough diversity at the top. The fact is, there are hundreds of men who have broke 10 seconds in the sprint, and the fastest female sprint was 10.49 in 1989. Usain Bolt is almost a full second faster than that.<p>Performance and diversity are vastly different things.<p>Hopefully more unicorn companies are built by women going forward, but it seems odd to complain that there isn&#x27;t more diversity in a group that is defined by business value as the only metric.
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falsestprophetalmost 10 years ago
A unicorn is a billion dollar company. Shall we just call them billion dollar companies then?
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pquernaalmost 10 years ago
Something I&#x27;ve been thinking about:<p>&gt; A perception of winner-take-all markets<p>&gt; Enterprise-oriented companies raise much less private capital;<p>&gt; The average enterprise-oriented company (where the primary customer is a business) is worth $2.5 billion, less than half the average consumer company.<p>The enterprise space doesn&#x27;t seem to be following the winner-take-all mentality as compared to consumer startups. At some point you are still hiring regionalized enterprise sales reps, and each of them can only have so much quota.<p>Is there a enterprise-unicorn where they don&#x27;t have traditional-enterprise-sales? Where their distribution&#x2F;acquisition closely follows consumer companies?
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onuryavuzalmost 10 years ago
Negative correlation between NASDAQ and number of unicorns founded in the corresponding year seems really interesting. Any deep thoughts on this ?<p>&gt; The best times to start a unicorn company could be a) post the launch of a watershed new tech platform; and b) during a prolonged public market downturn. Without many great jobs available, the reduced opportunity cost and related hardship may spawn great innovation and grit.
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CyberDildonicsalmost 10 years ago
I would rather read half a page from 100 smart people that failed.
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davidualmost 10 years ago
I think her points are all generally true, but be aware...<p>Some of the companies on that list are not actually unicorns. Meaning: they have not consummated a financing with a post-money valuation that exceeds $1,000,000,000.<p>Just saying that her data (or at least a small part of it that I know about intimately) is wrong.