Is it that easy to reach unicorn status?

Hampton Creek Touching Unicorn Status

US-based food startup Hampton Creek’s CEO, Josh Tetrick boost up the morale of its employees by announcing that the startup is about to reach coveted unicorn status. The chief executive officer and co-founder told employees that it is resolving a funding round evaluating the Just Mayo maker at $1.1 billion that will place the company among a category of venture-backed unicorn startups.

Dreams of Success

As per the press release, Though Tetrick didn’t specify the amount of money they need to raise in an upcoming round but he is expecting about $200 million from investors from Asia and UK this year. In case, Hampton Creek achieves the unicorn status in just five years after its beginning, then the event would exhibit the ability of Tetrick to effectively market his startup Hampton Creek as a technology company than a gravity-bound customer products firm.

Is Hampton Creek really about to reach Unicorn status?  Please share your thoughts in the comments section below.

Subscribe with us to get your dose of interesting news, research & opinions in the startup segment. Fill the form below:

Name

Email*