The Unicorn Game is the ultimately kit for creating an engaging innovation workshop. With the kit, you can stage up a powerful and participative training session for business leaders and innovators.
What Is a Unicorn?
A unicorn is a term used in the venture capital industry. To describe a privately held start-up company with a value of over $1 billion. The term was popularized by venture capitalist Aileen Lee. Founder of CowboyVC, a seed stage venture capital fund based in Palo Alto, California.
Unicorns can also symbolise to a recruitment phenomenon within the human resources (HR) sector. HR managers also may have high expectations to fill a position. Leading them to look for candidates with qualifications that are higher than required for a specific job. In other words, these managers are looking for a unicorn. Which leads to a disconnect between their ideal candidate versus who they can hire from the pool of people available.
Understanding Unicorns
A unicorn is what most people in the financial world call a start-up that is privately-owned with a valuation exceeding $1 billion. Some of the other celebrated unicorns based in the U.S. constitute home-sharing giant Airbnb, video game company Epic Games, as well as fintech companies Robinhood and SoFi.
Aileen Lee first wrote about unicorns in the venture capital world in her article, “Welcome to the Unicorn Club: Learning from Billion-Dollar Start-ups.” Here, she looked at software start-ups founded in the 2000s and estimated that only 0.07% of them ever reach $1 billion valuation. Start-ups that managed to reach the $1 billion mark, she noted, are so rare that finding one is as difficult as finding a mythical unicorn.
Think Like A Start-ups:
Players learn how to think like a start-up and create incredible innovations. A workshop in a box, you get everything to engage 9 to 30 participants in an exciting, participative learning experience.
Accelerate Digital Transformation
Use technological megatrends to create innovation.
Business Model Innovation
Get inspiration from successful start-ups also and use their economic model as a basis for creating new business models.
Unicorns and Venture Investing
Since the publication of Lee’s article, the term has become widely used to refer to start-ups in the technology. Mobile technology, and information technology sectors. Usually at the intersection of all three with very high valuations questionably supported by their fundamental finances.
Benchmark Capital partner and investment guru Bill Gurley wrote about the difference between late-stage private capital fundraising. And an IPO in a blog post, saying that “an unprecedented 80 private companies have raised financings. At valuations over $1B” since the 2010s, and that “late-stage investors, desperately afraid of missing out on acquiring shareholding. Positions in possible ‘unicorn’ companies, have essentially abandoned their traditional risk analysis.”
Dream11 as the first Unicorn based Game:
Bombay oriented game start-up industry that is Dream 11 has joined India’s mushrooming unicorn club following an investment. From Steadview Capital through the secondary route in the range of $60 million. The sports also platform has become the first gaming company. In the country to make it to the elite club of privately-held start-ups valued at $1 billion or more.
Investments:
Three other investors Kalaari Capital, Think Investments and Multiples Alternate Asset management have sold a portion of their stakes, with the valuation of the company estimated at $1-$1.5 billion, The Economic Times reported.
We are thrilled to acknowledge Stead view Capital on-board, providing great returns to our shareholders, whether investors or Dreamsters, is very important to us and further reinforces their belief in Dream11. We will continue working hard and are targeting to end the year with 100 million users,” Harsh Jain, Chief Executive, Dream 11 told the daily.
Built up in 2012 in accordance with Bentley University alumnus Bhavit Sheth and University of Pennsylvania as well as Columbia University alumni Harsh Jain, Dream 11 allows users to play fantasy games in sects such as cricket, football, kabaddi, and National Basketball Association (NBA).
Start-ups:
Indian start-ups grew exponentially in the year 2018 with more and more companies creating a lot of benchmarks in terms of funding, innovation, scaling etc and a lot of them becoming a part of the billion dollar club owing to their tremendous growth prospects.
India now has 26 unicorns with 10 of them being added in 2018. Holding a combined value of $73.49 billion, according to data from Inc42.