It’s tempting to think that big private tech companies built themselves on their own, but that isn’t usually the case. Throughout the lifecycle of a typical unicorn, a private tech company founded after 2004 worth $1 billion or more, there are plenty additions to the team along the way. And not only from traditional hiring.
More often than not, unicorn companies grow by gobbling up other, smaller companies. How? By acquiring talent through an “acquihire,” adding features to the core product developed by the acquiring company, or by using the business assets of the acquired company to boost revenue and scale faster.