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What’s Different About “Unicorns”
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What’s Different About “Unicorns”

Jessica Livingston
Y Combinator, 2017
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Recommendation

An increasing number of women are launching businesses, so the next target is to see them better represented among the founders of billion-dollar start-ups, or “unicorns,” says Jessica Livingston, co-founder of venture firm Y Combinator. Speaking at the 2017 Female Founders Conference, she explains how women can improve their chances of founding the next Google or Facebook. getAbstract believes that Livingston’s seasoned advice will benefit anyone looking to turn a fledgling business into a hugely successful enterprise.

Take-Aways

  • Nine factors distinguish billion-dollar start-ups, or “unicorns,” from merely successful start-ups. First, unicorns are lucky: They are the right idea at the right time.
  • Second, their founders are passionate about the business idea and thus unlikely to sell the company. Third, the idea fills a gaping need in the consumer market.
  • Fourth, unicorns usually offer fundamental, easy-to-explain services. Fifth, they often originate from a seemingly “bad idea” that a maverick founder pursues anyway.

About the Speaker

Jessica Livingston is a co-founder and partner at venture firm Y Combinator.

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