There are 1,200 unicorn startups globally as of October 2023. DesignRush interviewed the CEO of Codacy, a platform that won the 2014 Web Summit Pitch Competition, to delve into the secrets of attracting investors for startups.
MIAMI, Oct. 27, 2023 /PRNewswire-PRWeb/ — According to CB Insights, there are over 1,200 highly valued startups, also known as unicorns, as of October 2023. Industry giants that began as unicorn startups include Airbnb, Facebook, and ByteDance, the owner of TikTok.
In the latest interview, DesignRush sat down with Jaime Jorge, the CEO and co-founder of automated code review platform Codacy, to explore the strategies successful startups use to attract investors.
“The cornerstone of forging a transparent and constructive relationship with investors is rooted in expectation management coupled with full honesty,” says Jorge. “It’s imperative to foster a culture of truthfulness as investors are generally more receptive to hard truths than to deceit.”
Highlights of our interview with Jorge include:
- Tackling transient challenges — today vs. tomorrow
- Strategies for startups prioritizing positive cash flow
- Importance of startup adaptability to market feedback
- The weight of honest communication in stakeholder trust
- The role of AI in enhancing, not replacing, developer opportunities
The full episode is now available on YouTube and Spotify:
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