Don't Always Believe in Unicorns

This is the problem with entrepreneurs obsessing over “unicorn” status.  Who cares about a “billion dollar valuation?” That doesn’t mean anything.

These guys did $600,000 and get a billionaire boys club evaluation because someone gave them money to burn (and burn it they did)?  They get funded, everyone applauds… and a year later they’re broke. This is just dumb.

I know solopreneurs that do more than this, did it bootstrapped, profitably, and are still in business.

Just like there’s Instagram vs reality for pretty pictures, there’s funding vs reality for pretty numbers.

Not hard to do better than a unicorn. Stay humble and keep your head down.

Don't Always Believe in Unicorns