Most Startups Will Never Be Unicorns–and That’s OK
By Maria Aspan on May 12, 2015
It’s ludicrously easy for Uber and other billion-dollar startups to raise money. But it’s still incredibly difficult for nearly anyone else.
There’s a wide gap between the haves and have-nots among entrepreneurs seeking venture capital, though it’s not one that’s getting a lot of attention right now. After all, it’s hard to pay attention to unfunded startups when Uber is living up to its namesake superlative, reportedly nearing a valuation of $50 billion (yes, with a “b”).
The ride-sharing service has become the leader of a big and showy pack of private companies that seem to get new VC money each time they sneeze. There are so many “unicorns”–startups valued at more than $1 billion–that now it’s acceptable to drop the very unfortunate new term “decacorn,” meaning startups worth more than $10 billion. There are currently 90 of the former, including nine of the latter, according to the Wall Street Journal.
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