Do you want to work for a unicorn?


Once upon a time, unicorns were a rare thing. In fact the use of the term ‘unicorn’ in the startup World was meant to convey that rarity. Only a precious few startups get to $1B+ in valuation.

While this is true in relative terms, the absolute number of unicorn startups has never been higher. And the timeframe from inception to unicorn status is compressing. The poster child of this trend is Slack. In the last year it has gone from a $67M valuation to a $2.6B valuation.

slack valuation

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I was reading this morning about Slack‘s rumoured $ 160M round, coming hot on the heels of last Fall’s $ 120M round. If this round closes then in the space of 7 months the company will have raised $ 280M and grown it’s valuation over 10x from the previous funding rounds.

This is a beautiful illustration of the importance of momentum in building a valuable company. Most startups take some time to find their stride. But once they find product/ market fit and scalable customer acquisition channels, the market-leading startups seemingly never stop raising capital. Instead, they raise more money, quicker to keep piling on to the growth they already have. This is why in most markets, the bulk of the market value goes to the leader. There’s just such a huge gap between that company and the ‘also rans’.

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The Three Ps of Venture Funding


If you’re a student of marketing then you’ve likely heard of the ‘four Ps’. A lesser known, but I’d say more important set of Ps are the three Ps of funding. Why are they more important? Without them, you won’t have any money to pay for all that marketing.


In Jim Collin’s seminal book ‘Good to Great‘, the companies he profiled all started by getting ‘the right people on the bus’. All great companies begin and end with great people. In the context of funding a startup, investors are looking for any of the following: Read More