Startup investors generally use a high-risk model where they spread their capital among numerous startups, knowing that it only takes one or two to be successful enough to pay back the initial capital investment. Companies that produce such returns are called dragons. Unicorns are more based on valuation. A dragon is one deal that pays the return for a fund after investing in many deals.
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P.S. Thank you, John Backus, for your Crunchbase article with the amazing quote: “Unicorns are for show and dragons for Dough.”
Happy Networking and Investing,
Editor of The Capitalization Report
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