'More than 1,500 private companies have become unicorns but in the past 20 years only Meta and Uber have transitioned to what consultancy Bain calls a "scale insurgent", with $10bn in annual revenue and $1bn of operating cash flow.' https://t.co/fXPjWRXQ2r
#WorthReading Why tech unicorns struggle to avoid the glue factory https://t.co/gKjk8WPFYh #WorthReading
Why tech unicorns struggle to avoid the glue factory https://t.co/a4Nev2KpFH | opinion
Deep Corp has achieved unicorn status, joining over 1,500 private companies valued at over $1 billion. However, the tech industry faces significant challenges in sustaining this growth. According to consultancy Bain, only Meta and Uber have transitioned to 'scale insurgents,' achieving $10 billion in annual revenue and $1 billion in operating cash flow over the past 20 years. This highlights the difficulty tech unicorns face in maintaining long-term success, often referred to as avoiding the 'glue factory.'