How Startups Can Improve Their Odds of Becoming a Unicorn
JEFF DESJARDINS – February 20, 2018
In 2017, we showed that 57 startups were able to achieve unicorn status – a rare designation that is reserved only for privately-held startups valued at $1 billion or more..
While this number may seem high, unicorns are still quite the rarity.
In the U.S. alone, there are currently 19,550 venture-backed startups vying for those same massive valuations. At the same time, it’s been estimated that each new startup only has a 0.00006% chance of becoming a billion dollar company.
HOW TO IMPROVE THOSE ODDS
No one ever said that joining the ranks of unicorns would be easy, but there is some good news for aspiring founders.
Today’s infographic, which comes to us from FounderKit, looks at traits of existing unicorns – and analyzing this wealth of data might help entrepreneurs in shaping their own companies for future success.