Patio11's Law: The software economy is bigger than you think

Re:Patio11's Law: The software economy is bigger than you think by rorykoehler on Wednesday May 13, 2020 @03:36AM (#23164450)

Doesn't unicorn just mean $1B+ valuation?

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Re:Patio11's Law: The software economy is bigger than you think by andrewwharton on Wednesday May 13, 2020 @07:36AM (#23165801)

And that hasn't IPO'd yet.

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Re:Patio11's Law: The software economy is bigger than you think by luckylion on Wednesday May 13, 2020 @08:46AM (#23166311)

I think it has to be a startup, i.e. recently founded, hyper growth, usually VC-funded.

A company worth a lot of money that has existed for 80 years isn't a unicorn, it's just a company worth $1B+.

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Re:Patio11's Law: The software economy is bigger than you think by rorykoehler on Wednesday May 13, 2020 @09:55AM (#23166902)

When is a startup not a startup anymore. Are Facebook and Google still startups?

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Re:Patio11's Law: The software economy is bigger than you think by kirubakaran on Wednesday May 13, 2020 @09:18PM (#23174043)

I like Steve Blank's definition of a start-up: "a temporary organization used to search for a repeatable and scalable business model"

Once you're executing on a scalable business model, you're a regular business.

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Re:Patio11's Law: The software economy is bigger than you think by luckylion on Wednesday May 13, 2020 @10:29AM (#23167205)

In my opinion they are not. They were and became unicorns, but they're not any longer, they are regular Fortune 500 corporations.

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