Cloud Wars Live with Bob Evans

The Unicorn Explosion: Ammirati on Innovation

28 min • 15 juni 2021

The Big Themes:

  • Plotted on a bell curve: Some are amazing, and some are terrible – and some are in the middle.
  • Stability is not the issue: There’s capital behind these companies that give you the same amount of runway you could expect from any of the other kinds of companies.
  • The term unicorn was coined: You needed to raise money at least a billion dollar valuation from one company in your portfolio to make that portfolio be a top performing venture portfolio.
  • Microsoft and Nuance: You have the sales, the partnership, and the marketing muscle that a company like Microsoft can provide.

 

The Big Quotes:

“But the more interesting thing to me was that in the first five months of 2021, there were 187 companies that for the first time raised money at over a billion-dollar valuation.”

 

“The thing that's more concerning to me is I think there's a lot of reflection we, as an industry, need to do on the right way to create healthy corporate governance among these companies.”

 

“And I think it's time for CFOs to stop worrying about just doing the logistics.”

 

This episode is brought to you by BMC Software.

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