Streams Video • Chatterbug

632

Unicorn Companies

advanced

Unicorn Companies

with emiliewalker

5. Advanced

No, we aren't talking about the mythical horse-like creature. We are talking about companies that reach a valuation of $1 billion+ without being on the stock market. The dream of any tech startup.

UNICORN

-Venture Capital (VC) Term -Startup with a value over $1bn -In business for less than 10 years -Coined by VC Aileen Lee 2013 -Very rare and requier innovation

Type your answer

What are some unicorn companies that you know about?

IS AMAZON A UNICORN COMPANY?

-Privately held start ups -Went public in 1997 and raised $54m -Valuation/Market Cap $438m below $1bn threshold

Pick the correct answer

The biggest unicorn company (hasn't gone public) is...

BYTEDANCE

-$140b valuation -HQ Beijing, China -Artificial Intelligence Industry -Developed TikTok and Chinese-specific app Douyin -News platform Toutiao -1.9b monthly active users -Concern re: surveillance and privacy

SPACEX

-Elon Musk, Entrepreneur (PayPal) -First private company to launch a payload into orbit 2010 -80% of rockets made by company, reducing outsourcing -Mission control out of California

ELON MUSK

"I think it's very important to have a feedback loop, where you're constantly thinking about what you've done and how you could be doing it better"

CANVA

-Online design & publishing tool -Easily create beautiful designs & documents -Library of backgrounds, templates, images, fonts, stickers -Launched in 2012 and now a "go to" for many creators and marketers -Raised $200m at $40bn valuation

RISE AND FALL: WEWORK

-$47bn Unicorn -Pioneered co-working boom -2008 to 2019, failed IPO

ADAM NEUMANN

"When I met my wife, I was focused on making money but failing miserably. She taught me that 'financing success can never be the goal, only a byproduct of living wth purpose.' That was a game changer for me."

Pick the correct answer

The industry with the most number of unicorns is...

FINTECH

242 companies (21.1% of all unicorns) 30,000 total startups Industry worth $180b Transferwise - International Accounts Monzo & Revolut - Online Banks Stripe - Payments infrastructure

Pick the correct answer

Would you ever use an "online only" bank without any physical presence?

Pick the correct answer

What % of startups evolve into a unicorn?

COMMON TRAITS

-Recent creation -Innovation -Scalability -Financing -Business Model

STARTUP vs. SCALEUP

-Growth -Lifecycle -Business Model -Financing -Human Talent

Pick the correct answer

What do you think makes a successful startup?

LESSON: Identify a problem and solve it

-Solve a personal problem -Eg. Airbnb made their loft into a rental space -What is a problem you're experiencing in your own life?

LESSON: Understand the New Markets Problems before Expanding

-Executing an exceptional idea correctly -Uber changed how people commute, but Singapore's Grab offers more -Introducing e-payments through the app where financial infrastructure is lacking

LESSON: Create What You Would Want to Use as Well

-Houzz created a home remodeling playform -Bootstrapping helped them get the right mentors to scale the site

Type your answer

What startup ideas do you like?

For the best experience, download the Chatterbug Streams mobile app!

Full Video Duration: 50 minutes
Aired: over 1 year ago

UNICORN

IS AMAZON A UNICORN COMPANY?

BYTEDANCE

SPACEX

ELON MUSK

CANVA

RISE AND FALL: WEWORK

ADAM NEUMANN

FINTECH

COMMON TRAITS

STARTUP vs. SCALEUP

LESSON: Identify a problem and solve it

LESSON: Understand the New Markets Problems before Expanding

LESSON: Create What You Would Want to Use as Well

Download our free Mobile App to Unlock