Summary
- The term “unicorn” for tech startups has become less rare and is now in decline globally.
- Investors should focus on startups with strong fundamentals and long-term promise, like thoroughbreds bringing in at least $100 million in revenue annually.
- Some startups resort to desperate measures to achieve unicorn status, leading to unrealistic growth targets.
- European VC firms prioritize sustainable business models over valuation metrics due to stringent regulations.