When startups become workhorses, not unicorns

2024-12-25 02:29:26 source: category:Stocks

To venture capitalists, investing in startups is like playing the lottery. Investors write them big checks and offer guidance, hoping to birth a unicorn—a company with a valuation of $1 billion or more. One unicorn can make up for the rest of their investments that flop.

But what happens to the startups that don't reach unicorn status or fail but just ... do fine? Today, we hear from the founder of one such company and one investor who's looking for tech workhorses, not unicorns.

Music by Drop Electric. Find us: Twitter / Facebook / Newsletter.

Subscribe to our show on Apple Podcasts, Spotify, PocketCasts and NPR One.

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

More:Stocks

Recommend

Inspector general finds no fault in Park Police shooting of Virginia man in 2017

McLEAN, Va. (AP) — A federal inspector general has exonerated two U.S. Park Police officers who fata

California mom faces felony charges after 3-year-old daughter dies in hot car

A California toddler is dead, and her mother has been charged with two felonies after she was accuse

North Carolina’s public universities cut 59 positions as part of a massive DEI overhaul this summer

RALEIGH, N.C. (AP) — Almost 200 diversity, equity and inclusion staff positions were either cut or r