Valuations in private markets have gone through the roof to a point where I had to look for the definition of Unicorn because I had forgotten if it referred to companies above $1bn or $10bn.
It seems the term was coined by Aileen Lee in 2013, when there were 39 startups founded since 2003 which qualified as Unicorns. Latest data I have found: 631 (16x in 7 years). How many UberUnicorns today (>$10bn)? 32.
Three comments on this:
1. It is a disgrace that only wealthy people and qualified investors can invest in private markets vehicles (VC, PE). You can go to fucking Codere to squander your salary or trade CFDs but you cannot invest in start-ups.
2. Governments, arguing that they are protecting the average citizen, are instead preventing them from accessing the areas where the majority of economic value is generated these days. Unfair inequality artificially created by regulation.
3. With these valuation numbers I understand why VCs invest in poor businesses so many times. Nobody is going to fire you if your company goes to 0, but if you miss a Unicorn (which start to be very common) you’re out. And if you catch one early enough, you’re done for life too.

• • •

Missing some Tweet in this thread? You can try to force a refresh

Keep Current with Edu Riera

Edu Riera Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!


Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @FCFtoEquity

5 Apr
Mi opinión sobre todo este debate del exceso de horas de los junior en los bancos / despachos / grandes empresas no esta ni en el extremo del lloriqueo de ayer en El País ni en del lado del banquero old school cuya posición es "this is what it is, just suck it". Yo diría:
1. Siendo Junior hay que aplicar aquello de que ante cualquier situación solo tienes 3 opciones pero siempre tienes 3 opciones - either you change it, you leave it or you accept it. Lo mejor es aceptar mientras el retorno a LP sea positivo y dejarlo en cuanto no.
2. Siendo Senior tienes que plantearte si es eficiente tener un equipo con estos niveles de attrition. Como la respuesta es no, deberías buscar formulas que estuvieran en línea con los que un 20anero busca en su vida profesional y no intentar comprarles con £5,000 de mierda.
Read 5 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!