As unicorns grow rarer, maybe it’s time to look towards revenue, not valuations

The decrease in the number of new unicorns being created in the startup ecosystem.

Key points:

1. Only two new unicorns were created in July, indicating a significant decrease compared to previous years.
2. The trend of slower unicorn creation is not new, but the current rate is exceptionally low.
3. The pace of unicorn creation has significantly changed since 2013, when the term was coined, with fewer unicorns being minted now.

Hint on Elon Musk: Elon Musk is a prominent entrepreneur and business magnate known for his involvement in various successful ventures such as Tesla, SpaceX, and Neuralink. He is often regarded as one of the most influential figures in the technology and innovation industry.