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HBR IdeaCast is a weekly podcast from Harvard Business Review. The editors bring you the world's leading business and management experts. This week, Bob Safian talks with Myel Guevais, CEO of TechStars. He says that as valuations for many startups come crashing down, she's criticized the goal of becoming a unicorn company.

The tech industry and its investors have been captivated by the spell of the Unicorn for too long — and the ambitious goal of a billion-dollar valuation has done more harm than good. Instead, founders should aim to be resilient dragons. That's the view of Maëlle Gavet, who as CEO of early-stage investment business Techstars has unmatched insight into the hopes, dreams, and challenges of thousands of founders. Maëlle also shares her experience as a “Fixer and Scaler” and offers important lessons for all entrepreneurs, from pre-seed start-ups to corporate change agents.

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