Andy Rubin's Essential Is Now Valued at Over a Billion Dollars Without Shipping a Single Phone (theverge.com)

Posted by msmash on Monday August 14, 2017 @05:20AM from the unicorn dept.

An anonymous reader shares a report: Essential, the new phone startup from Android founder Andy Rubin, is now a unicorn, according to reports from over the weekend. If you're not up to date on the parlance of Silicon Valley, a unicorn is a company that's valued at over $1 billion dollars, which is no small feat in today's market. This title is even more impressive, given that Essential has yet to ship a single device to consumers. According to a report, Foxconn's FIH Mobile filing for a $3 million investment in Essential for around 0.25 percent of the fledgling phone company revealed Essential's new unicorn status with a valuation of around $1.2 billion.

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Re:My Startup Idea is Better by paiute · 2017-08-14 15:26 · Score: 3, Funny

I have a much better startup idea than this. Wireless Plumbing!

Hell no. I hold the patent on delivering shit in discrete packets.

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