The new word for high-value startups is “dragon,” which is an even bigger behemoth than the unicorn. Dragons are more aggressive companies, and the pace at which they raise capital is remarkable.
For instance, in August 2020, American aerospace manufacturer SpaceX raised an insane $1.9 billion in the largest funding round to date. Landing it in the dragon club with a post-money valuation of $46 billion. Enterprise software firm Databricks secured a whopping $1.6 billion funding round in August 2021 to reach a $38 billion post-money valuation. Lastly, to know more about dragon start-ups and how to become one. Contact Entrepreneurs Collective and become a free member today.
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