As the once celebrated “growth at all costs” startup strategy has gone out of vogue during economic downturn, unicorn startups (startups with a $1 billion plus valuation) have given way to a new term: Centaur startups. A tech company dubbed as a centaur means that the startup has $100 million in annual recurring revenue. Is this seeming end of unicorn mania a good thing or are VC’s just moving the goal posts in hopes to cover their reckless behavior?
#unicornstartup #centaurs #startupinvesting
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