Guest post: We don’t need a unicorn in Thailand. We need a medium-sized IPO.

The question I often hear in the tech scene, being an investor based in Thailand, is “why is there no Thai unicorn?” This question makes me wonder why we need one. Perhaps, the person who asks assumes that if we have a unicorn, there will be more interest to fund Thai startups, then there will be more Thai startups. But, the truth is unicorns are rare. In fact, only 1% of startups become unicorns. Should we even bother wanting one? Do we need one?!