Understanding Power and Influence: The magnet for success
Before you embark on the professional expedition, understanding the use and abuse of power and influence is a requisite. Possessing...
What are Unicorns?
China exceeds the US for the first time in unicorn startups
Privately held companies valued at over $100 Crores or $1 billion are known as unicorns. Considering this valuation, a level of achievement that only a few startups can reach, it was named after a mythical creature by Aileen Lee (a venture capital investor and founder of Cowboy Ventures) in 2013. Swiggy, Zomato, Oyo, PhonePe are some of the popular unicorns in India since 2018. Most of the startups get such valuation when a prominent investor acquires or invests in it.
Who evaluates the Unicorns?
The venture capitalists and investors that participate in funding rounds do these valuations. The worth of a unicorn startup is determined primarily based on its expected growth potential, first mover’s advantage, and other aspects. It may not be related to its financial performance. Upgrade to Premium Plan to unlock this content!This content is locked
In a Nutshell – How to Become a Unicorn
There are two points that you need to focus on to become a unicorn:
- Your product or service must add value to a customer, such as reduce travel time, reduce cost, etc. Example, Uber and Swiggy.
- It should have an impact on a customer’s life, such as by improving lifestyle. For example, Zomato delivers food at home and provides discounts at restaurants through Zomato Gold.
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Citations :
Skillioma (October 19, 2021) What are Unicorns?. Retrieved from https://www.skillioma.com/what-are-unicorns/.
"What are Unicorns?." Skillioma - October 19, 2021, https://www.skillioma.com/what-are-unicorns/
"What are Unicorns?." Skillioma - Accessed October 19, 2021. https://www.skillioma.com/what-are-unicorns/
Skillioma July 31, 2020 What are Unicorns?., viewed October 19, 2021,<https://www.skillioma.com/what-are-unicorns/>
Skillioma - What are Unicorns?. [Internet]. [Accessed October 19, 2021]. Available from: https://www.skillioma.com/what-are-unicorns/
"What are Unicorns?." Skillioma [Online]. Available: https://www.skillioma.com/what-are-unicorns/. [Accessed: October 19, 2021]
Power Words :
- Acquisition
- Diversify
- Financial
- Venture
- Prominent
- Valuation
- Analytics
- Cybersecurity
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