Less Than 1% Of Unicorns Earn $1 Billion In Revenue Or Profits
The Horizons Tracker
APRIL 22, 2024
I argued that focusing on a $1 billion valuation distracted us, and indeed founders themselves, from developing the kind of profitable and sustainable businesses that ultimately benefit society. Instead, the majority remain kept afloat by a regular flow of investment that hides the red ink gushing forth from their P&L statements.
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