<ul><li>A comprehensive, data-driven study of 100+ climate and climate-adjacent unicorns was conducted to reveal the key factors behind their success.</li><li>Startups that leverage cornered resources as their primary moat emerged as category leaders.</li><li>84% of these startups operate in existing markets, while only 16% are creating entirely new markets.</li><li>The data revealed that 65% of climate and climate-adjacent startups are hardware-focused.</li><li>51% of CEOs have prior founder experience, while only 20% of CTOs do.</li><li>78% of the startups demonstrate strong founder-product fit.</li><li>Valuation and its growth are consistently higher for horizontal companies.</li><li>80% of these startups achieved unicorn status in less than six years, with 60% reaching this milestone in under four years following their first equity round.</li><li>Key factors such as CEO’s age, previous founder experience, timing, and funding amount significantly impact the time to unicorn.</li><li>The study reveals that the funding requirements increase as the number of risks rises.</li></ul>

Deep Climate Unicorns: What 100+ $1B Startups Have in Common?

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