Following Varonis System’s IPO on last Friday, people’s attention are drawn to the near billion dollar again. It was just on last Thursday, CNBC states in “Even for hot start-ups, billion dollar paydays are rare” that tech start-ups may be attracting more money than ever, but that doesn’t mean a billion dollar payday is easy to come by. Citing from a CB Insight’s report — 2013 Global Tech Exits Report – Private Company Tech Acquisitions and IPOs, the conclusion is that of all start-ups that were sold or went public in 2013, only about 1 percent garnered a billion dollars or more.
We all know unicorns are rare, however, start-ups never stop their steps. Getting invested by VC firms like Sequoia would increase their chances of exits, meanwhile, well-performed VCs are also looking for promising start-ups to invest. In this condition, unicorn is conceived. For instance, recently CB Insights invites us to take a close look of Li Ka-Shing‘s Horizon Venture.
According to CB Insights, Horizons has primarily focused on getting in early, as Seed VC and Series A deals comprise 60% of its investment activity since 2009. And what’s more, while Horizon’s investment firm is based in Hong Kong, Horizons’ deal activity has been primarily split among Israel and the U.S. 28% of its deals went to Israeli-based companies including toOnavo and Waze, acquired by Facebook and Google respectively. This will encourage start-up companies, especially those are in the Start-Up Nation to join the unicorn club, and it strengthens the tie between Israel and China as well.