Let us break this down
1. You have an idea in your garage
2. You raise money from angel/venture capitalist investors
3. Who predict you are worth lots of money
4. News outlets “freak out” and value your private company
5. At over a Billion dollars, while still private
Now, let us piece it together; first you come up with an idea and start your company in your garage. Then you go out and pitch to angel/venture capitalist investors who give you money for a projected value of your company. Now the news media starts to freak out over your potential value as a company even though they don’t know your revenue. Finally, you are associated with being worth over a BILLION dollars and therefore associated with being a Unicorn. Congratulations, welcome to the most exclusive club in Silicon Valley 🙌.
Unicorn, is a private company that has been valued over a billion dollars by the investment world, even though no one actually knows their real revenue. This is why they have been associated with the mystical creature that is a unicorn. They are rare and hard to find. No real concrete evidence that they exist, but if you believe in them, then they do exist!
Keys To Remember 🔑
• Private Company
• Valued at over 1 Billion Dollars
Some of our favorite companies are Unicorns
So, are you the next Unicorn? Orca Financial and our partners specialize in planning for start-up companies and helping you understand your company’s finances for investors, contact us here to learn more.