In 2019 it’s a funding fantasia — there’s a new “unicorn startup” born every four days.
But when venture capitalist, Aileen Lee, coined the term six years ago — referring to a private company valued at or over $1 billion — these startups were akin to the mythical creature. A statistical rarity. So it’s natural that every entrepreneur dreams of joining the herd. After all, who doesn’t want to become a household name like Uber or Airbnb.
That said, It takes a talented and dedicated team to rise through the ranks, especially when you consider the failure rate of U.S. companies is over 50% after five years and 70% after the ten-year mark. To help entrepreneurs better understand the lay of unicornland and how to model their startup, Embroker put together this guide that dives in the geographic placement of startups, the time it takes to become a unicorn and tips from from startup founders like Brian Chesky of Airbnb or WeWork’s Adamn Neumann.
Check out the infographic below for a short synopsis
Infographic Source: https://www.embroker.com/blog/unicorn-startups