There’s a common misconception that being a solo founder is bad. However, almost 20% of unicorns were founded by solo founders. Throw out the rulebook
Founders can be anywhere between 20 and 70 years old. The most common age group is 28–32 years old.
You can start a unicorn with any amount of work experience, but the mode for tech companies is 10 years work experience and for health startups it’s 28 years of experience
This is a surprising one. You don’t need directly relevant experience in the industry you’re disrupting
Almost 60% of the companies were started by repeat entrepreneurs
Almost 70% of the repeat entrepreneurs had previously founded a successful company with either a $50m+ exit or a $10m+ annual revenue. Of these, 25% of them actually had more than 1 previous successful exit. Very impressive
In practice, successful startup CEOs are often shy or the nerdy types
70% of unicorn CEOs did not have experience working for another startup. Many did have previous experience working at their own, often successful, startups however
A moat is something that stops competition from entering your space and displacing your company. The biggest defensibility factor was engineering (think Google’s search algorithm). Other defensibility factors were network effects, IP and brand. Partnerships don’t seem to work well as a moat, although they may well help your business as a whole.
90% of unicorns did not go through an accelerator. Of the 10% that did, they were basically all from YCombinator.
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