5 ms·
Reaching 1B valuation would require hiring a lot of people, but building a startup that normally cost 15M to build in less than a year is very doable.
by bob33212 5y ago
Reaching 1B valuation would require hiring a lot of people, but building a startup that normally cost 15M to build in less than a year is very doable.
- djoldman 5y agoYou might be surprised. Instagram was bought for 1B and had 13 employees at that time. "Instagram launched 10 years ago. By the time it was bought by Facebook in 2012, it only had 13 employees — including founders Kevin Systrom and Mike Krieger."
- azinman2 5y agoThat’s a very, very rare story.
- wombatpm 5y agoHence the unicorn designation. If it was common every 10 year old girl would have one
- azinman2 5y agoThere are many startups that have reached unicorn (1B) valuation by this point. Very very few of those have less than 20 employees.
- carom 5y agoIs that a necessary condition though or due to the environment? A security company I worked for got acquired and in a relatively short time they went from 100 to 300 to 600 quickly in preparation for the acquisition. I am not sure those people were required for the valuation or if they were part of the standard game plan of a sale.
- mandeepj 5y agoNot really that rare. Have you heard about Whatsapp, AppDynamics, LinkedIn acquisitions?
- motoxpro 5y agoProbably seems more rare because the only stories you hear are "X raises 100 million" instead of "X is a profitable company serving a tiny niche making 100 million in revenue"