What are unicorns It might have something to accomplish with the ability to collect money.
Funny, cynical hacks like mine they did with the British unicorn concept. When the topic come up, it is a unique opportunity to talk about the many mythical creatures that have been discussed but are rarely seen.
Well, What are unicorns have changed in the last two or three years. There are now about 40 $1 billion private companies in the UK, according to Beauhurst analysts. Additionally, the Digital Economy Council and Dealroom. co have identified 13 “decorative companies with $10 billion or more worth of decor.”
This confirms that striving to become a unicorn is no longer an arrogant goal in today’s tech ecosystem. Reaching this $1 billion valuation point has been done many times before and will be done again.
What has changed?
So what has changed? Why do we see more and more companies in the UK growing and making essential forecasts?
Bruce McFarlane is well-position to offer perspective. A co-founder of VC fund MMC Ventures, he had invested in technology companies since 2000, often referred to as the time when the dot-com bubble of the 1990s exploded spectacularly. Currently, MMC is focus on “transforming” technology and investing on behalf of wealthy institutions and individuals, implementing the rules of the Enterprise Investment Fund to reduce risk. As of today, he has $500 million under control. In addition, three portfolio members have achieved unicorn status, and a fourth is in progress.