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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.

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Oren Ellenbogen

January 19, 2016
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Transcript

  1. LETS TALK ABOUT UNICORNS Because we’re a frickin’ startup after

    all…
  2. UNICORNS?

  3. “UNICORN”: A company worth (==valuation) over $1,000,000,000 YES. That’s $1B.

  4. 1. 2.

  5. None
  6. Today: ~$30M ARR in <2 years. More than 2M DAU.

  7. None
  8. None
  9. None
  10. $900M ARR in 2015 $250M ARR in 2013 Over $1M

    rooms listed. More than Hilton or Marriott
  11. None
  12. BUT I WANT TO TALK ABOUT SOMETHING ELSE

  13. NOT EXACTLY…

  14. LETS TALK ABOUT OVERNIGHT SUCCESS

  15. AIRBNB BOOKING GRAPH early days This is how (startups) death

    looks like
  16. and still, they needed $

  17. None
  18. None
  19. None
  20. None
  21. $30K quick revenues

  22. “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.”
  23. AIRBNB BOOKING GRAPH

  24. ALRIGHT, LETS TALK ABOUT Glitch

  25. Stewart Butterfield

  26. Raised $17M Worked on it for 3 Years (2009-2012) 45

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

  28. Doing pretty well today, right?

  29. None
  30. “OVERNIGHT SUCCESS” is bullshit

  31. BE HUMBLE J

  32. WORK TOGETHER :: Be helpful :: Push harder :: “Can

    do” builds momentum
  33. ALLOW YOURSELF TO BE DIFFERENT

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

    a