How to Build a Unicorn Company

Sep 14, 2021

Ray Wang, Founder and principal analyst at Constellation Research, dives into the essence of building unicorn companies. He highlights that digital transformation alone isn’t sufficient; businesses must evolve with data-driven networks to thrive. Ray discusses the impact of extreme consolidation in the market, urging companies to adapt or risk being left behind. He also advocates for smart regulations that balance innovation with antitrust concerns. Listeners will gain vital insights into fostering a successful digital business and navigating challenges posed by major tech giants.

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INSIGHT

Digital Giants' Different Game

Companies succeeding in digital transformation weren't winning overall.
Ray Wang realized digital giants played a different game.

ANECDOTE

Tech Giants' Exponential Growth

The market cap of major tech companies quintupled in four years, from $2 trillion to $10.5 trillion.
This rapid growth defied typical corporate growth patterns.

INSIGHT

Short-Term Focus Hinders Innovation

Digital transformation is insufficient; the game has changed.
Investors prioritize short-term gains like stock buybacks over long-term innovation.

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Ray Wang and I discuss his new book and what qualities unicorn companies have that you can emulate.

So Ray wrote the book, because he realized digital transformation is not enough. We've been talking about it. And he realized because the game had changed, you have to do it differently. A great example was like if you look at most companies today, I think something like in the fortune 500, almost 40% 47% of companies are owned by the same people. And it's literally like a handful, 14 investors and they're playing a different game.

Everybody Wants to Rule the World will help you:

Understand the power of Data-Driven Digital Networks and how they have driven the most successful companies of our time.
Learn how extreme consolidation is changing the global business landscape and what this means for businesses of all types and sizes in terms of understanding where you fit in the value chain.
Advocate for smart regulations that enable free and fair markets while balancing innovation with anti-trust
Gain insights into what innovative companies are doing right now to position themselves in this new reality.
Take your business from status quo to market leader.

Ray's book: https://www.raywang.org/books/everybody-wants-rule-world-surviving-and-thriving-world-digital-giants

BIO

R “Ray” Wang (pronounced WAHNG) is the Founder, Chairman and Principal Analyst of Silicon Valley based Constellation Research Inc., He co-hosts DisrupTV, a weekly enterprise tech and leadership webcast that averages 50,000 views per episode and authors a business strategy and technology blog that has received millions of page views per month. Wang also serves as a non-resident Senior Fellow at The Atlantic Council's GeoTech Center. Since 2003, Ray has delivered thousands of live and virtual keynotes around the world that are inspiring and legendary. Wang has spoken at almost every major tech conference. His ground-breaking best selling book on digital transformation, Disrupting Digital Business, was published by Harvard Business Review Press in 2015. Ray's new best-selling book about Digital Giants and the future of business titled, Everybody Wants to Rule The World was released July 2021 by Harper Collins Leadership. Wang is well quoted and frequently interviewed in media outlets such as the Wall Street Journal, Fox Business News, CNBC, Yahoo Finance, Cheddar, CGTN America, Bloomberg, Tech Crunch, ZDNet, Forbes, and Fortune. He is one of the top technology analysts in the world. ----------------------

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