Quild Mini🦄 #93: Descript

This is the Quild Minicorn, highlighting one future of work minicorn daily - early-stage startups with statistically significant signals of becoming a unicorn.

Descript builds simple and powerful collaborative tools for new media creators: podcasters, YouTubers, journalists, and more. Their software allows you to edit audio or video simply by editing a text transcript — cut, paste, and delete — and Descript edits the audio or video to match.

Founders: Andrew

Signals:

1. Repeat exited founder

   1. Andrew founded Groupon (NASDAQ:GRPN)

2. Top company alumni

   1. Andrew was a part-time partner at YCombinator while building Detour, a mobile app for audio walks

3. Top university alumni

   1. Andrew graduated from Northwestern University (BS)

4. Fast team growth

   1. Grew 3.5x YoY to 89 employees

   2. And hiring a lot more

5. Midas list investors

   1. Spark Capital led series B

   2. a16z co-led series A and led seed

   3. Redpoint co-led series A

Till tomorrow, Kenn