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How to Build a Unicorn from Scratch – And Walk Away with Nothing
- hga 11y agoWithout focusing on the details, I note the #1 issue here is failure to create a profitable company. Which strikes me as so common an outcome that it can't be called a unicorn. And not getting anything after you build an unprofitable company is also very common, if not the most common outcome.
- fsk 11y agoConsider the same story, but the ending is "The company was squeaking out a $1M/year profit, but a buyout offer came for $240M and the investors took it so they could cash out." As an individual, if I could make a business with consistent $200k-$500k/year profit (as the sole shareholder), that'd be great for me. It'd be better than being an employee. But that would totally be an unsuitable business for VC.