It’s been a big year for Atlanta tech. 

SalesLoft’s $100M raise at a $1.1B valuation. 

Flock Safety’s $150M raise at a $1B+ valuation.

Calendy’s $350M raise at a $3B valuation.

Perhaps most importantly, Georgia startups will likely double the record for fundraising in 2021.

The latest greatest news came when FullStory announced a $103M raise at a $1.8B valuation.

Four Atlanta startups have achieved unicorn status in 2021. To put that into perspective, Georgia has more unicorns than any other Southeastern state, and Atlanta has more unicorns than any other city in the Southeast.

It’s a timeless notion that success begets success, but David Cummings notes that people often overlook the long time horizon. 

“While it sounds nice and makes logical sense, the time horizons are often incredibly long with 7-10 years for the first success. Assuming another 7-10 years for the next round of successes, this process can take decades to play out. Building a substantial startup community requires a long time horizon.”

There are still 4+ months left in 2021, and it wouldn’t surprise anyone to see one or two more high-growth startups achieve $1B valuations before the calendar flips to January.

Written while enjoying the following on a Sunday afternoon…
🎵 KMRU’s Jar
📍 Church Street Coffee & Books