Five Myths About Building Billion-Dollar Startups
645ventures.com
645ventures.com
Paypal doesn't even appear on the list of employers with more than 5 unicorns from ex employees I can name more off the top of my head: Tesla, Spacex, Palantir, Youtube, Linkedin, Yelp, Yammer, Affirm
Founder also doesn't have a universal definition and by your own link the courts decided that he could be called a co-founder, along with the 4 others.
Only spacex here is a unicorn.Everything else has been acquired or listed
And the author seems to talk about billion dollar start-ups, not necessarily just unicorns but only in the past decade.
Most the PayPal Mafia companies were $1B+ Already in 2000s.
I don't know what your point it, almost every company mentioned in this article has been acquired or listed...
> the author seems to talk about billion dollar start-ups, not necessarily just unicorns but only in the past decade.
They list several companies made in 00's; Mulesoft, Dropbox, Uber, Whatsapp... Qualtrics was made in 2002 almost 2 decades ago.
My apologies. Unicorns are supposed to be private companies with $1B+ valuations
Only spacex is private.
The correct title here would be "5 things that some people at some point in time may have believed that aren't true that we are dusting off for an original content listicle." Which I think has a nice ring to it!
Venture investing 101:
Raise money from pension funds, invest it in founders who have had good exits before. Rinse, repeat.
VC in 2021 is a media and promotion play to get in front of the right founders, and then claim you have a good hiring pipeline or intros to customers. (They mostly don't. 645 especially doesn't.)