+91 70111 97831
  • About us
    • Data Analyst Team
    • Magazines Sections
    • Editorial Team
  • Advertise with us!
  • Business review
  • Guest writers
    • Guest Contribution
  • Subscription
  • Career
  • Testimonials
  • Contact us
  • Sitemap
Thursday, March 23, 2023
International Magazine
Business Connect | Best Business magazine In India
Upcoming Event
  • News
    • All
    • Blog
    Realme C55 launches with iPhone-Like 'Dynamic Island' in India: Specs and Price

    Realme C55 launches with iPhone-Like ‘Dynamic Island’ in India: Specs and Price

    6.6 Magnitude Earthquake in Afghanistan Causes Strong Tremors in Delhi-NCR & Other Parts; Results in 11 Fatalities

    6.6 Magnitude Earthquake in Afghanistan Causes Strong Tremors in Delhi-NCR & Other Parts; Results in 11 Fatalities

    Indian-Origin Laxman Narasimhan Takes Over as CEO of Starbucks

    Indian-Origin Laxman Narasimhan Takes Over as CEO of Starbucks

    Acer Nitro 5 Gaming Laptop brings AMD Ryzen 7000 Series to India: Price & Specifications

    Acer Nitro 5 Gaming Laptop brings AMD Ryzen 7000 Series to India: Price & Specifications

    Amritpal Singh Manhunt: Internet Services in Punjab to Remain suspended Till March 21

    Amritpal Singh Manhunt: Internet Services in Punjab to Remain suspended Till March 21

    Elon Musk Makes Headlines Again with Automatic Poop Emoji Response for Press Enquiries on Twitter

    Elon Musk Makes Headlines Again with Automatic Poop Emoji Response for Press Enquiries on Twitter

    Samsung expands its 5G smartphone lineup in India with Galaxy A54 and A34: Price, specs & more

    Samsung expands its 5G smartphone lineup in India with Galaxy A54 and A34: Price, specs & more

    PhonePe Secures Additional $200 Million Funding from Walmart to Fuel Expansion Plans

    PhonePe Secures Additional $200 Million Funding from Walmart to Fuel Expansion Plans

    IPL Owners Eying ‘Major League Cricket’ 2023: CSK, MI, KKR & DC Set to Buy Teams in USA

    IPL Owners Eying ‘Major League Cricket’ 2023: CSK, MI, KKR & DC Set to Buy Teams in USA

  • Magazine
  • Interior Design
  • Press Release
    • PR Enquiry
  • Success Stories
  • Latest Edition
  • Launchpad
  • Blogs
  • Testimonials
No Result
View All Result
  • News
    • All
    • Blog
    Realme C55 launches with iPhone-Like 'Dynamic Island' in India: Specs and Price

    Realme C55 launches with iPhone-Like ‘Dynamic Island’ in India: Specs and Price

    6.6 Magnitude Earthquake in Afghanistan Causes Strong Tremors in Delhi-NCR & Other Parts; Results in 11 Fatalities

    6.6 Magnitude Earthquake in Afghanistan Causes Strong Tremors in Delhi-NCR & Other Parts; Results in 11 Fatalities

    Indian-Origin Laxman Narasimhan Takes Over as CEO of Starbucks

    Indian-Origin Laxman Narasimhan Takes Over as CEO of Starbucks

    Acer Nitro 5 Gaming Laptop brings AMD Ryzen 7000 Series to India: Price & Specifications

    Acer Nitro 5 Gaming Laptop brings AMD Ryzen 7000 Series to India: Price & Specifications

    Amritpal Singh Manhunt: Internet Services in Punjab to Remain suspended Till March 21

    Amritpal Singh Manhunt: Internet Services in Punjab to Remain suspended Till March 21

    Elon Musk Makes Headlines Again with Automatic Poop Emoji Response for Press Enquiries on Twitter

    Elon Musk Makes Headlines Again with Automatic Poop Emoji Response for Press Enquiries on Twitter

    Samsung expands its 5G smartphone lineup in India with Galaxy A54 and A34: Price, specs & more

    Samsung expands its 5G smartphone lineup in India with Galaxy A54 and A34: Price, specs & more

    PhonePe Secures Additional $200 Million Funding from Walmart to Fuel Expansion Plans

    PhonePe Secures Additional $200 Million Funding from Walmart to Fuel Expansion Plans

    IPL Owners Eying ‘Major League Cricket’ 2023: CSK, MI, KKR & DC Set to Buy Teams in USA

    IPL Owners Eying ‘Major League Cricket’ 2023: CSK, MI, KKR & DC Set to Buy Teams in USA

  • Magazine
  • Interior Design
  • Press Release
    • PR Enquiry
  • Success Stories
  • Latest Edition
  • Launchpad
  • Blogs
  • Testimonials
No Result
View All Result
Business Connect | Best Business magazine In India
No Result
View All Result
Home Blog

Why You Shouldn’t Aim to Reach Unicorn Status?

fanzineindia by fanzineindia
July 19, 2019
in Blog
Unicorn Status Business Connect Magazine

Unicorn Status Business Connect Magazine

Share on FacebookShare on Twitter

Written By:- Yashika Sabharwal

Why Shouldn’t You Aim to Reach Unicorn Status?

 It is all about what the company is, not where you want to go or end up.

RelatedPosts

Beyond the Clouds: Discovering the World’s 10 Tallest Buildings

What Are the Benefits of Social Media Listening for Businesses?

The Importance Of Digital Identity Management For Enterprises

The term “unicorn” in the business start-ups is commonly used to define any private company that is valued about $1 billion or more. Since this label was firstly used in the year 2013 by the venture capitalist “Aileen Lee” to describe the way of start-ups that reach the mountainous heights of the $1 billion valuations to their company

Unicorn Status is denoting the new and disruptive schemes for businesses that are captured in the fancy of consumers and investors.

We’re living in The Age of Unicorns now. Just a few years ago, a newly developed or billion-dollar start-up was considered extremely rare in the business market. But in today’s context, “Unicorn” companies seem to be grown around every corner of the globe. The investors and capitalists are now scrambling to invest in this company. They have created a wrong perception that if you don’t think you can get a large capitalist valuation then you go right out of the gate, you cannot even bother trying to raise capital at all.

Should a start-up strive to be a unicorn?

The short answer is: No?

The long explanation for it is a bit more complicated.

Reaching and stepping forward towards your dreams is always a good thing, of course, it is always, and if your dream is big and is about finding a company for yourself with worth $1 billion at some point, then go for it! It is gonna be a struggle, For sure but you can do.

If you want to take step towards the misery that is said to be a Unicorn and the Entrepreneur lifestyle, then you must have wild goals for it and if you don’t have then, it will be tougher for you to help you get out of bed each day.

Donald McGowan, the founder and CIO (Chief Investment Officer) of Undiscovered Ventures Inc. tells that “No one always wakes up and tackles their obstacles and also challenges in their day for the crave mediocrity. All the Unicorns are the dream things which, we all are striving for, and wanted to reach for the desired goal. No one was even worse off because they chose to invest in themselves.”

Read Also:- Blockchain and Healthcare

However, the unicorn start-up is standing like a myth, which can also act as a hindrance for the founders. Rather than focusing on building a great product, with a great team, and actually changing the world through your product —so many people lack and failed start-ups they were going to do. People always blinded by that shiny thing and shiny world.

The Wrong Motivation People get

There are many possible good reasons to start up a new business but people may fail by these wrong motivations:

  • Now you can see a problem, and then you believe in it that you can solve it.
  • You have cool new ideas of Digi- Marketing and tech, and then you believe that it can be useful and you can do it easily.
  • You do have a plan and a big burning desire that is to make the world a better place, sorry my friend it takes time and hard work both.
  • Seeing the other person’s success stories motivation to do similar thing like that.
  • Sometimes a false company of people brainwashes you to do things.

In a desire to create a unicorn company isn’t a good reason. This is only focused on getting that elusive plate of $1 billion valuations. This is an end to every small beginning, which is not started as a journey. To be a successful entrepreneur, one has to be driven by what the company’s requirement is, not just where you want it to end up.

Business flaws of many UNICORN start-ups

 Let us take some examples to show you the reality of the Shining Unicorns – Uber is the most valuable venture-backed private company in the world to the sum of $51Billion. What you may not know and be surprised to read, is that Uber still isn’t profitable and is said to be burning through $100m a day has raised a further $1.2bn this year. Then there’s Snapchat which is worth $16billion, yet only in 2015 (its fifth year in business) is the company focussing on revenue and making any money.

So, what’s going on here? Unicorn valuations effectively go against many of the principles used by the analysts and advisors to rate organizations and their equity prices.

Previous Post

n’cloud- Premium Cloud Computing Provider

Next Post

CONSTRUCTIVE HOBBIES ARE THE ESSENTIAL NEED FOR THE ENTREPRENEURS

Related Posts

Beyond the Clouds: Discovering the World's 10 Tallest Buildings
Blog

Beyond the Clouds: Discovering the World’s 10 Tallest Buildings

by admin
March 22, 2023

Beyond the Clouds: Discovering the World's 10 Tallest Buildings Written by Sanjay Kumar As cities around the world continue to grow...

What Are the Benefits of Social Media Listening for Businesses Business Connect | Best Business magazine In India
Blog

What Are the Benefits of Social Media Listening for Businesses?

by admin
March 20, 2023

What Are the Benefits of Social Media Listening for Businesses? The importance of social media as a marketing tool cannot be...

The Importance Of Digital Identity Management For Enterprises

The Importance Of Digital Identity Management For Enterprises

March 20, 2023
7 Strategies To Provide A Seamless Customer Service

7 Strategies To Provide A Seamless Customer Service

March 20, 2023
How To Use Local Marketing Strategies To Grow Your Business?

How To Use Local Marketing Strategies To Grow Your Business?

March 20, 2023
Next Post
Successful Entrepreneurs have Constructive Hobbies-Business Connect

CONSTRUCTIVE HOBBIES ARE THE ESSENTIAL NEED FOR THE ENTREPRENEURS

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent News

Realme C55 launches with iPhone-Like 'Dynamic Island' in India: Specs and Price

Realme C55 launches with iPhone-Like ‘Dynamic Island’ in India: Specs and Price

March 22, 2023
6.6 Magnitude Earthquake in Afghanistan Causes Strong Tremors in Delhi-NCR & Other Parts; Results in 11 Fatalities

6.6 Magnitude Earthquake in Afghanistan Causes Strong Tremors in Delhi-NCR & Other Parts; Results in 11 Fatalities

March 22, 2023
Piyush Construction: Provider of quality construction services to revamp construction industry

Piyush Construction: Provider of quality construction services to revamp construction industry

March 22, 2023
Beyond the Clouds: Discovering the World's 10 Tallest Buildings

Beyond the Clouds: Discovering the World’s 10 Tallest Buildings

March 22, 2023

Recommended

Success Story- Bullied, a Suicide Attempt & now Radhika Gupta is India's youngest CEO

Success Story- Bullied, a Suicide Attempt & now Radhika Gupta is India’s youngest CEO

June 14, 2022
WebMobril Group Collaborate with leading FMCG Company – Nuti Food Science Pvt Ltd.

WebMobril Group Collaborate with leading FMCG Company – Nuti Food Science Pvt Ltd.

April 26, 2022

Most Popular

Realme C55 launches with iPhone-Like 'Dynamic Island' in India: Specs and Price
News

Realme C55 launches with iPhone-Like ‘Dynamic Island’ in India: Specs and Price

March 22, 2023
6.6 Magnitude Earthquake in Afghanistan Causes Strong Tremors in Delhi-NCR & Other Parts; Results in 11 Fatalities
News

6.6 Magnitude Earthquake in Afghanistan Causes Strong Tremors in Delhi-NCR & Other Parts; Results in 11 Fatalities

March 22, 2023
Piyush Construction: Provider of quality construction services to revamp construction industry
Guest Posts

Piyush Construction: Provider of quality construction services to revamp construction industry

March 22, 2023

Business Connect is a business magazine whose name is derived from Business Community which connects entrepreneurs, executive officers and VCs. With a mission to have one of the highest readership figures of senior-level executives and investors in India, Business Connect brings its edition on monthly basis.

Follow Us

Recent News

Realme C55 launches with iPhone-Like 'Dynamic Island' in India: Specs and Price

Realme C55 launches with iPhone-Like ‘Dynamic Island’ in India: Specs and Price

March 22, 2023
6.6 Magnitude Earthquake in Afghanistan Causes Strong Tremors in Delhi-NCR & Other Parts; Results in 11 Fatalities

6.6 Magnitude Earthquake in Afghanistan Causes Strong Tremors in Delhi-NCR & Other Parts; Results in 11 Fatalities

March 22, 2023

Contact Information

Address: 807, DDA 2, District Centre, Janakpuri West, New Delhi-110058

Phone Number: +91-11-41065208, 42636209

Mail: abhishek@businessconnectindia.in / events@businessconnectindia.in

Contact to Get Feature as Guest Post : info@businessconnectindia.in

  • About us
  • Why us
  • Healthcare
  • Guest writers
  • Career
  • Contact us

© 2020 All Rights Reserved by Business Connect India

No Result
View All Result
  • News
  • Magazine
  • Interior Design
  • Press Release
    • PR Enquiry
  • Success Stories
  • Latest Edition
  • Launchpad
  • Blogs
  • Testimonials

© 2020 All Rights Reserved by Business Connect India

Need Help? Chat with us
Start a Conversation
Hi! Click one of our member below to chat on Whatsapp
The team typically replies in a few minutes.
Ashish Kumar
Sales & Support