Ever wonder what founders of “unicorn” companies, or startups worth at least a billion dollars, have in common?
After looking at data from 845 unicorns and 2,018 unicorn founders in the U.S. and U.K. from the past decade, Defiance Capital found three common, qualitative traits in the “DNA” of unicorn founders:
They do not have a backup planThey have personal stories of feeling limited or unfairly treatedThey believe in themselves.
“The stories that are coming out show crazy determination,” Defiance Capital founder Christian Dorffer told TechCrunch.
Dorffer said the founders all shared “hunger, self-belief, ingenuity, and resilience.”
Related: A New AI Startup from Unicorn Founders Wants Businesses to Know Their ‘Worth’
The report found that
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