017: Chasing the billion dollar ‘Unicorn’ companies of tech
This week on Beers, Blokes and Business we had a chat about the 39 billion dollar tech companies which have been founded since 2013. What made them successful and what are the common characteristics? Sound interesting? Have a listen below:
Podcast: Play in new window | Download (Duration: 34:33 — 39.8MB)
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What will you learn from this podcast?
- What are business Unicorns?
- Are all the founders 20 year old Stanford dropouts?
- These 39 companies aren’t all consumer facing businesses – what other business models are successful?
- Despite what the media would have us think, most of these companies were not overnight success stories
- The blokes also introduce an “interesting” new #BBB drinking game
- And find out what we think the next major wave of technology innovation will be.
Links from the podcast
- A big thanks to the Complete Basket Case for providing this week’s beer!
- The Techcrunch article we kept banging on about was: Welcome to the Unicorn Club
- And another great article on Unicorns
- Fred Destin’s article on the valuation of Snapchat despite no revenues (edited: Thanks for comment Fred)
- An article on Yahoo!’s $1.1 billion acquisition of Tumblr
- Everpix raised $2.3 million, and then they were crunched
- Yammer is the business David Sacks sold to Microsoft for $1.2 billion and he just tweeted about Unicorns.
Useful terminology for startup outcomes: “Unicorn” = $1B+ company “Decicorn” = $10B+ company “Centicorn” = $100B+ company (Via @briansin)
— David Sacks (@DavidSacks) December 7, 2013
- Jeff Bezos promises Amazon will soon be delivering packages using drones and Josh Rowe was quick on the Tweet
Amazing -> Delivery drones are coming: Jeff Bezos previews half-hour shipping from Amazon | The Verge http://t.co/7qzRwX45Ww #eCommerce
— Josh Rowe (@joshrowe) December 2, 2013
Reading List:
- The Age of Context by by Robert Scoble
On this BBB podcast were:
- @seancallanan from Sports Geek
- @jimboot from stewartmedia.biz
- @stevevallas from The Honey Bar
- @joshrowe from JoshRowe.com
- @lukemccormack from Flippa
The tasty beverage inhaled by the blokes in this podcast was Pale Ale from 4 Pines Brewing Company (@4pinesbeer).
Download this episode here but we’d prefer you to subscribe in iTunes, Stitcher or this feed if you don’t use iTunes.
Jim showing the blokes how to wear a shirt…
THANK YOU
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If you have downloaded (and listened as well), thank you very much, over 11,000 downloads so far. We are very humbled at the response #BBB has received.
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1 Comment
Good roundup. Note nothing in my post is about the valuation of Snapchat being accurate, simply that zero revenue is a strategy and that companies can be highly valuable before they monetize. If I knew how to value Snapchat accurately I certainly would not tell anyone about it 🙂