Business News | Only 10% Founder-led Firms Cross USD 10 Billion Mark After Hitting Unicorn Status: McKinsey
Get latest articles and stories on Business at LatestLY. Only about 10 per cent of founder-led companies reach a USD 10 billion valuation after crossing the USD 1 billion mark, while just 2 per cent manage to exceed USD 50 billion, according to a report by McKinsey.
New Delhi [India], July 28 (ANI): Only about 10 per cent of founder-led companies reach a USD 10 billion valuation after crossing the USD 1 billion mark, while just 2 per cent manage to exceed USD 50 billion, according to a report by McKinsey.
The report revealed that many businesses lose momentum and freeze within the USD 1-10 billion range.
Data from the report indicated that 77.5 per cent of these companies remained in the USD 1 billion to
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