For startup founders, reaching unicorn-status is often seen as the pinnacle of success, and a clear sign that one’s company has ‘made it’. For investors, these companies are correspondingly the crowning jewels of their fund’s portfolios. 

However, this is no easy feat, with the term unicorn referring to its rarity. That’s because building a company from scratch and growing it to reach the valuation of $1 billion USD is no easy feat. 

Even so, Israel punches above its weight in this regard. The country has over 21,000 startups, with 42 of these having reached unicorn status. This ranks the country in 6th place globally in terms of the number of unicorns produced by a country. 

Despite the difficulty associated with reaching unicorn status, some experts believe that we will soon see the first lone unicorn; or in other words, the first unicorn built with a one-employee team. 

In part this is due to the increasing adoption of GenAI, and the ability for entrepreneurs to automate a greater number of operational and revenue-generating tasks. This has paved the way for ambitious founders to address the age-old problem of........

© The Times of Israel (Blogs)