[New post] Singapore ranks 4th in best country for unicorn startups
GTP Cross Cultural Intercultural Training Singapore Asia posted: " Singapore ranks 4th in best country for unicorn startups The country that produces the startups which reach a $1b valuation fastest is #China, and second fastest country is Hong Kong. Unicorn startups are businesses which are independently"
Singapore ranks 4th in best country for unicorn startups The country that produces the startups which reach a $1b valuation fastest is #China, and second fastest country is Hong Kong.
Unicorn startups are businesses which are independently owned that are valued over $1b. These businesses are called "unicorns" for their rarity. According to private equity firm CB Insights, there are 750 unicorn startups in the world.
Jumping off CB Insights list of unicorn startups, Money.co.uk found out that it takes an average of 6 years and 11 months for Singapore's unicorns to reach the valuation of $1b.
Key ingredients of a Unicorn: 1. To make a simple solution to an existing problem. 2. Make a strong and highly marketable value proposition. 3. Make a plan in order to have a clear vision for the future of the company and the products and services they offer. 4. Unicorn companies have Potential beta testers and customers.
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