
Elad Gil: From Selling His First Company To Twitter To Becoming The Biggest Solo Venture Capitalist
DealMakers
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High Growth Handbook: How to Scale a Company
"I think we're about to hit a very rough patch and I think the last year and a half was just a warm up," he says. "If you have a company that's burned $100 million to generate $5 million a revenue, nobody's going to give you that next round of funding" A third of unicorn companies will go under or some large number over the next one to three years according to Jeff Bezos' estimate. He advises: "You should be cutting costs now and anticipation of raising money again."
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