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?

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.

We’ve moved! Read the full article for free here.