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LETS TALK ABOUT UNICORNS (@Forter)

LETS TALK ABOUT UNICORNS (@Forter)

A short (10 min) talk I gave at Forter (where I work), sharing some interesting stories about the struggles of building a unicorn company. Intended to be fun and easy to digest, yet with some important message to it.

Oren Ellenbogen

January 19, 2016
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Transcript

  1. LETS TALK
    ABOUT UNICORNS

    Because we’re a frickin’
    startup after all…

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  2. “UNICORN”:

    A company worth (==valuation)
    over $1,000,000,000

    YES. That’s $1B.

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  3. Today:
    ~$30M ARR in <2 years.
    More than 2M DAU.

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  4. $900M ARR in 2015
    $250M ARR in 2013



    Over $1M rooms listed.
    More than Hilton or Marriott

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  5. BUT I WANT TO
    TALK ABOUT
    SOMETHING ELSE

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  6. NOT EXACTLY…

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  7. LETS TALK ABOUT
    OVERNIGHT SUCCESS

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  8. AIRBNB BOOKING GRAPH
    early days
    This is how (startups) death looks like

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  9. and still, they needed $

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  10. $30K
    quick revenues

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  11. “Whenever someone tells me
    that they can't figure out
    how to raise the first
    $25,000 they need to get
    their company started I
    stand up, walk over to the
    cereal box, and tell this
    story. It is a story of
    pure unadulterated hustle.
    And I love it.”

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  12. AIRBNB BOOKING GRAPH

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  13. ALRIGHT, LETS TALK ABOUT
    Glitch

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  14. Stewart Butterfield

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  15. Raised $17M

    Worked on it for
    3 Years (2009-2012)

    45 employees

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  16. FAILURE & PIVOT
    letting go 37/45 of the team :(

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  17. Doing pretty
    well today, right?

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  18. “OVERNIGHT SUCCESS”
    is bullshit

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  19. WORK TOGETHER
    :: Be helpful
    :: Push harder
    :: “Can do” builds momentum

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  20. ALLOW YOURSELF
    TO BE
    DIFFERENT

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  21. FORTERCORN
    h#ps://www.youtube.com/watch?v=8aRor905cCw
    Music please!
    May we all be part of a

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