In the California region known as Silicon Valley, unicorns are quite numerous - and widely recognized as real. But their magical balance sheets present unique accounting challenges to their executives, investors and advisers.
Unicorn companies are tech startups which have yet to go public but have already been valued at over $1 billion by the private equity market. Uber and Airbnb are two well known examples.
What do those fast-growth companies need most? Capital. The lawyers at my workshop needed to fully grasp the funding side of the balance sheet.
Using Color Accounting, they were able to clearly view the full spectrum of business financing options available to their clients in a new light — and then impart that knowledge with confidence.
Whether they make it to Unicorn status or not, these startups will benefit from the clarity of the simpler, integrated view of their businesses that their advisors now convey.
Sweet dreams, Peter