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.'
'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