Two Unicorns Walk Into a Bar —–

unicornWe’ve all seen them. Unicorns that think they’re so great because they’re all mysterious and magical, but they can be real jerks sometimes — texting in theaters, eating your leftovers, and seriously distorting the reality of early-stage investing. Here’s a great piece about Unicorns and Billion Dollar Exits by Aileen Lee over at TechCrunch that proves how rare they truly are and should be a reality-check for every tech investor. This is why we focus on finding workhorses that can deliver a product or service that people really need, even if it is not the flashiest, rarest, most-beautiful-rainbow-ever-seen. Workhorses are easier to find and will almost always give you a decent days work (return) for the oats (money) that you feed to them. — Steve Hogan, Tech-Rx