Profit Vs. Growth — Part 1: Unicorns Aren’t Real
With large user bases and significant market share, but no clear path to profits, how are modern tech businesses achieving billion-dollar valuations?
Published in
1 min readJul 29, 2019
Growth is King
The term ‘unicorn’ was popularised by Aileen Lee in reference to privately held startups which achieve a valuation of over $1bn. At the time, the name was very fitting given their rarity. In 2013 there were just 38 unicorns in the US; today there are 156.
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