Minotaurs Being a unicorn - a private company valued at more | Venture Capital

Minotaurs

Being a unicorn - a private company valued at more than a billion dollars - isn't cool anymore. But what's really cool? To raise more than $1 billion from investors. "Minotaurs" is a new term for startups that are worth more than a billion dollars due to the fact that they have raised upwards of one billion in funding.

Where the minotaur came from:

The rise of the minotaur reflects a new form of investing, epitomized by Japan's SoftBank, and a new form of company-building, dubbed "blitzscaling" by entrepreneurs Reid Hoffman and Chris Yeh.

The big idea: if you have enough money, your investments can become self-fulfilling prophecies. The trick is to find a really big market with winner-takes-all economics. Then, spend an unholy amount of money on growing as fast as you can, and no one else will be able to touch you.