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Illustration: Nick Sheeran

The New Hot Startups Will Be Camels, Not Unicorns

We’re entering the desert. Which would you rather be?

Scaling through the valley of death

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“Camel” startups grow in controlled spurts, investing in growth when the opportunity calls for it.

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Diversifying to spread risk

Qualtrics, for example, used their profits to fund growth for many years, scaling at a reasonable rate and declining early interest from VCs.

Thinking long-term

Written by

Global #VentureCapital @Cathayinnov, previously @OmidyarNetwork; author of Out-Innovate (HBR Press); professor @MIIS; outdoor enthusiast; raised on the Cdn

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