Talking about the paranormal might get you some interesting looks in your next meeting at a bank. But in tech, talk of angels and unicorns is par for the course.
The assembled crowds at TechCrunch’s European-based Disrupt conference in London (following a similar event in San Francisco last month) heard from the panels about the significance of angel investors to get your ideas off the ground, the perils of investing in zombie companies, and questions over where the next unicorn will come from.
Most readers will be familiar with angels and zombies, at least when it comes to investing. A unicorn is something more magical: a tech start-up that has gone on to be valued at least $1 billion. TechCrunch’s own research shows there are now 39 of them. Some have even gone on to reach super-unicorn status, being valued at $100 billion.
Perhaps most tellingly, when discussing financing for start-ups, the entrepreneurs of tomorrow’s FinTech digital disrupters did not mention once the possibility of asking a bank for a loan. To get their unicorns of the future off the ground, the most commonly accepted methods remain crowdsourcing funds and asking family and friends for loans.