I am sure all of you know one or more of the 200 or more young companies that are currently valued at one billion or more by investors and stockholders. These are popularly called “unicorns.” Some of the most well known include Uber, Airbnb, Snapchat, Xiaomi and Pinterest. What every entrepreneur is asking me today […]
Ever since the word “unicorn” was coined, the startup world has been obsessed with them. The bigger the unicorn, the greater the obsession (e.g. Uber). Even the Wall Street Journal is in to it, with a great dynamic graph. Starting with January 2014 when there were just 45 Unicorns, and Uber’s valuation was a quaint $3.8 […]
Are you an entrepreneur? An investor? Or are you interested in creating your own business? If you have answered yes to any of these questions, then you need to know what venture capitalists do. The ultimate goal of a VC is to invest in a startup they believe in, which will hopefully become a “unicorn” […]
Focus on creating a successful product or service rather than immediately making your way to the top. “Buyers like us, we have a lot of options. It’s a buyer’s market.” My friend, a successful entrepreneur who, like me, buys software companies, went on about how venture capital is harder to come by lately. “And these […]
How many times have you asked a startup how they’re doing, just to hear “Doing great, killin’ it!”?
In recent weeks, we have seen a number of high profile startup collapses: July 17 – Homejoy shuts down August 5 – Good Eggs shuts down all non-San Francisco locations August 10 – Zirtual shuts down overnight All were well-regarded startups. All together, they rose close to $100 million in funding. Even with ample funding, […]
This special edition of Chasing Unicorns is all about the business of love. As always, ratings are from a scale of 1-3 like Michelin stars. I’ve come across dozens of wedding startups and it’s easy to see why there are so many of them – weddings are big business. But the very appropriately named, Carats […]