I grew up in New Jersey and played sports and rode my bike around. It was a really nice time - kids didn't have cellphones then - and you knew everyone in the town.
From Aileen Lee
We're in this incredible age where new brands are making people's lives easier, more convenient, more personalized.
Why do investors seem to care about 'billion dollar exits?' Historically, top venture funds have driven returns from their ownership in just a few companies in a given fund of many companies.
Many entrepreneurs, and the venture investors who back them, seek to build billion-dollar companies.
There is very little diversity among founders in the Unicorn Club.
Each major wave of technology innovation has given rise to one or more super-unicorns - companies that could change your life to work at or invest in if you're not lucky/genius enough to be a co-founder.
Some investors may grumble about entrepreneurs wanting 'unicorn valuations.' But let's be honest: most investors want them, too, and are supporting the massive capitalization of these companies.
Immigrants play a huge role in the founding and value creation of today's tech companies. We wonder how much more value could be created if it were easier to get a work visa.
When companies are private, founders can share more about their future dreams with investors; report less; and the shares are illiquid, constraining short-term changes in valuation.
History suggests the 2010s will give rise to a super-unicorn or two that reflect the key tech wave of the decade, the mobile web.
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