Decacorn Company Definition + Decacorn Company List

The goal of reaching a valuation of $1 billion, or in other words, becoming a 'Unicorn', is considered a milestone in the life of a startup.  But with more than 850 unicorn companies as of 2021 in the world compared to just 142 in 2015, the unicorn status has lost its charm. Startups are now setting their eyes on higher targets of becoming a ‘Decacorn’, Put simply, Decacorns are private companies having a valuation of more than $10 billion. Relative to Unicorns, Decacorns are a much more exclusive community, consisting of around 30+ companies as of 2021. Some familial examples...

Hectocorn Company Definition + Hectocorn Company List

Writing for Techcrunch in 2013, Aileen Lee, an American venture capitalist, coined the now frequently used word ‘Unicorn’. Unicorns, as we all know now, are companies valued at more than $1 billion. Similarly, Decacorns & Hectocorns are sister terms of ‘Unicorn’.  Decacorns are companies having a valuation of more than $10 billion. Hectacorns are companies having a valuation of more than $100 billion. As of 2021, only two companies — ByteDance & SpaceX — are part of this elite club of Hectocorn companies.  ByteDance, the parent company of Tik Tok, was the first company to become a Hectocorn after it was valued...

‘The Great Mental Models Volume 1: General Thinking Concepts’ Book Summary

Charlie Munger, the lesser-known business partner of Warren Buffet, once said, "I believe in the discipline of mastering the best of what other people have figured out." The Great Mental Models project, authored by Shane Parrish of Farnam Street blog, is a homage to the aforementioned idea. A series of four books, aimed at distilling the most useful mental models from a wide variety of disciplines, should surely help anyone who reads it upgrade their thinking, and subsequently, decision-making capabilities. The first volume of the series The Great Mental Models introduces us to nine fundamental metal models, in a bid to help...

BYJU’s Business Model: How BYJU’s Makes Money

After BYJU's raised a $300 million funding round in October 2021, the Edtech startup was valued at an astronomical $18 billion, becoming the highest valued company in the Indian tech startup ecosystem. And not just that, BYJU's also holds the title of the most valuable Edtech startup in the world and the 15th highest valued startup in the whole wide world. With a net worth of Rs 24,300 crore, Byju Raveendran and his family have become richer than Rakesh Jhunjhunwala (India's Warren Buffet), Bharti Mittal (Founder of Airtel) & Anand Mahindra (Founder of Mahindra Group). If you're thinking these...

DuckDuckGo Business Model Case Study

When you hear the phrase ‘search engine’, what’s the first name that pops into your head? For most of us, the answer would be Google. And that's because for almost two decades now, Google has had more than 90% market share among search engines. Google’s market dominance is such that so many people haven’t used or even tried a different search engine. Even in 2008, the year in which Gabriel Weinberg launched DuckDuckGo, Google had around 90% percent market share? So why did he even bother building an alternative to a search giant like Google? Originally, he had no...

McDonald’s Business Model Case Study

McDonald's is ubiquitous. No matter which country or major city you go to, you are bound to find a McDonald's outlet. As of 2020, the company was operating 39,198 restaurants worldwide and held the title of 'The World's Largest Restaurant Company'. But what if, I told you, McDonald's is a real estate empire hiding under the guise of a fast-food chain?  In its 2020 Financial Report, the company reported 41 billion dollars worth of assets in property & equipment before accounting for depreciation, making it the 7th largest real estate company in the world even if we were to deduct the 3.5...

Zoom Business Model Case Study

When Eric Yuan, Zoom’s CEO, decided to go after the video conferencing market in 2011, the market was already flooded with incumbents like Microsoft-owned Skype, Google Hangouts & the then market leader Webex, owned by Cisco. Eric was serving as the VP of Engineering at Webex when he decided to venture out on his own. So why did he quit Webex, start Zoom & how did he turn Zoom into a leading video conferencing software, with almost 50% market share? There’s no denying the fact that the coronavirus propelled Zoom’s growth in a way nobody could have predicted, not even Eric himself, but...

Mailchimp Business Model Case Study

After Intuit announced it was acquiring Mailchimp for $12 billion in September 2021, the deal sent shockwaves across the tech industry. But Salesforce had just acquired Slack a few months ago, in Dec 2020, for $27.7 billion, so Mailchimp's acquisition was by no means the largest SaaS acquisition in recent history.  Mailchimp's acquisition still became the talk of tech town because it was the largest acquisition for a non-VC-funded bootstrapped SaaS company until date. What added more credence to Mailchimp's self-funded, anti-VC approach was that the business generated a revenue of $750 million in 2020 and has been profitable throughout its entire lifespan. Aaron Levie, CEO of Box,...

YouTube Business Model Case Study

In November 2006, almost two years after its founding in February 2005, Google acquired YouTube for a then-hefty price of $1.65 billion.  In the 2020 annual report, Google reported that YouTube generated $19.7 billion from advertisements alone in 2019 (Youtube generates revenue through other income streams as well, which we will discuss below), contributing 10.83% to Google’s total 2020 revenue.  Youtube has, undoubtedly, been one of the most remarkable acquisitions in the history of tech. It is the second most popular website in the world after Google. Source: Similar Web  But when it comes to engagement metrics like avg visit duration, pages per visit...

‘Elements of Style’ Book Summary

Naval Ravikant once said, “I would rather read the best 100 books over and over again until I absorb them rather than read all the books.” When it comes to writing, 'Elements of Style' is widely regarded as one of the greatest books published on the craft of writing. It was named as one of the 100 best and most influential books written in English since 1923 in Time Magazine's 'All-TIME 100 Nonfiction Books' list released in 2011. Even Stephen King, an acclaimed author, in his own book on writing; recommended every aspiring author to read 'Elements of...