This Week in Startups Next Unicorns evaluation + Ask Jason | E1590
Oct 20, 2022
In a fresh format, the host evaluates the journeys of past unicorn startups, highlighting their successes and failures against the backdrop of a shifting fundraising landscape. Topics include the growth of innovative background check services for the gig economy and affordable communication solutions for startups. The conversation also touches on the complexities of cybersecurity in corporate acquisitions and the evolving role of CEOs in today's market. Listener questions lead to insights on founder qualities and notable acquisitions, enriching the discussion.
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Checkr's Unicorn Journey
- Checkr, featured on the podcast, achieved unicorn status after raising a Series D at $2.2B valuation.
- They later raised a Series E at $4.6B, likely inflated due to the 2021 market peak.
OpenPhone's Self-Serve Model
- OpenPhone's success is partially due to its self-serve model.
- This minimizes reliance on sales teams, allowing for lower pricing and strong word-of-mouth growth.
Expanse's Acquisition
- Expanse, a cybersecurity startup, sold to Palo Alto Networks for around $800M, close to market peak.
- The sale demonstrates how companies get acquired due to their growth potential, even before an IPO.