Loved the article, Tod. Thanks for sharing.
My question on any such analysis:
Suppose we find a thousand other companies with the following characteristics:
- Easy-to-dismiss ideas
- Competitive markets
- Reinventing customer behavior
- Untested founders
- Zero monetization
What are the chances of one of them turning out to be a unicorn?
Note: I do LOVE the final summary. My reservation is only about the elements outlined above.