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YC

Y Combinator Cast

10/20/23

@ Y Combinator

If a company is making 50 to 100 million in revenue, it's reasonable to consider it a unicorn, but if it's making 50 million or less, you should question product-market fit and user retention.

Video

Should You Quit Your Job At A Unicorn?

@ Y Combinator

Should You Quit Your Job At A Unicorn?

10/20/23

Related Takeaways

Michael Seibel

10/20/23

@ Y Combinator

When evaluating whether to stay at a unicorn, assess if the company's metrics are strong, the founders are focused, and your colleagues are competent and engaged.

Michael Seibel

11/29/18

@ Y Combinator

I often have to ask founders a tough question: why does your company deserve more money after spending 1 to 2 million dollars without finding product-market fit?

Joel Spolsky

10/25/13

@ Y Combinator

There are millions of businesses that achieve around a million dollars in revenue, which is a more realistic goal than aiming for rapid growth.

David Rusenko

09/06/18

@ Y Combinator

You should not scale a company past 20 people before achieving product-market fit; once you find it, scale aggressively.

Y Combinator Cast

06/21/24

@ Y Combinator

If a company generates a billion in revenue and is valued at five billion, that's a cheaper valuation compared to a company making five million in revenue with the same five billion valuation.

Michael Seibel

10/20/23

@ Y Combinator

The unicorn label doesn't guarantee success; critical thinking is essential when evaluating your company's future.

Todd Jackson

04/11/24

@ Lenny's Podcast

It's common for founders to feel paranoid about product-market fit, even when they reach significant revenue milestones.

Kevin Hale

07/03/19

@ Y Combinator

When gauging product-market fit, if you have to ask whether you've achieved it, you likely haven't. It's crucial to be honest about your startup's performance and growth potential.

Geoff Ralston

12/15/20

@ Y Combinator

It's crucial for startups to think harder about achieving product-market fit and to be honest about whether they have it, especially in uncertain economic times.