unicorns | MIT Admissions

big confusion

unicorns by Vincent H. '23 big confusion September 18, 2022 in Challenges , How to Human , Life after MIT i. in the business world, a unicorn is a startup with a valuation of over one billion dollars. this says very little about the internals of the company – there are many examples of unicorns with almost zero revenue (apna’s estimated revenue was ~2mil/year when its valuation hit 1bil) or which have never come close to profitability (doordash loses a few hundred million dollars per quarter). valuation is a subjective number determined by investors and venture capitalists, and it is onl

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