#00_announcements
Welcome to the Gildre Announcements Channel! This channel is primarily used by the Managing Partners for community-wide updates and special announcements.
Thread
Curious to hear everyone's thoughts - from those who have worked at these unicorn startups and those in place to build their own. Only 6 our of 354 unicorns from 2021 have gone public - is this a sign of the overall market or a shift in priorities focusing on profitability from the previous "growth at all costs" model?
I view it as a way for founders to double down on achieving profitability and hitting traction metrics before attempting significant raises. What do you think?
Interesting times for sure. Here’s another powerful article to compliment:
Raising large sums of money is not an indication of success. I would say it is a race against time which PUTS massive pressure on the exec team and the organization as a whole in my opinion. Some companies (like SpaceX) do frequent liquidity events so the employees do not have to wait 10 years for an exit. If you work 80-100 hours a week like the folks for Jensen, then you deserve that down payment in Atherton next to Chef Curry lol
Sure does indicate valuations are not safe now :)
Draftkings?