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by lotsofpulp 919 days ago
Do you even have to spend $1B? If you spend $100M for 10% or $10M for 1% of the company will get you to “unicorn” status, technically.
1 comments
codingdave 919 days ago
Lets go all the way then - if I spend one dollar on one billionth of a company, it is a unicorn.

OK, someone go launch UaaS - Unicorn as a Service: I'll buy a billionth of any company for a dolla, and you get to claim to be the latest unicorn!

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rmbyrro 919 days ago
Convincing someone to pay $100 million for 10% of a business is quite a feat. Not for average joes.
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codingdave 919 days ago
Yeah, sorry if my jest wasn't clearly jesting. I'm actually not overly concerned with successful VC-backed companies, I'm just pointing out that the term "unicorn" is fairly contrived.
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