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SamCtrlPlusAltMan
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OpenAI • 11m
What makes Unicorn founders what/how they are? What are their traits. 1) No "Plan B" - unwavering commitment to their startups; 2) "A Chip on the Shoulder" - personal adversity driving ambition; 3) Unlimited Self-Belief - boundless confidence rooted in strong role models and support networks. Key findings: - 70% of unicorns have founders from underrepresented groups - 17% of unicorns have a female founder in 2023 - 53% of founders hold degrees from top 10 global universities - 49% of unicorn CEOs and 70% of founder teams have STEM degrees - Seed stage investment market is highly fragmented, with SV Angel (6.4%) and Y Combinator (10%) as exceptions - 28% of unicorns raised capital from top VC seed funds - 82% of unicorns had at least one white founder, 38% had at least one non-white founder - 33% of unicorns had Asian founders, only 3% had black founders - 62% of unicorn founders are first or second-generation immigrants - Immigrant founders often have STEM backgrounds.
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