JP Morgan’s head of startup banking says ‘Founder Mode’ won’t get you a unicorn | Equity Podcast

Today on Equity, Kirsten Korosec is joined by J.P. Morgan’s Head of Startup Banking, Ashraf Hebela. Following the recent release of J.P. Morgan’s Startup Insights report, Kirsten wanted to dive into what it really takes to build a unicorn in 2024, and what parts of the startup ecosystem are seeing success beyond AI and Silicon Valley. 

The pair discussed the changing landscape, from new startup hubs popping up in Seattle, Austin, and Miami to the resilience and passion required to thrive. Hebela also talked about the decreasing rate of unicorn creation since 2021 and what founders need to keep in mind today – including how ‘Founder Mode’ may do more harm than good.

Equity is a show about the business of startups, where we unpack the numbers and nuance behind the headlines. New episodes drop at 7 a.m. PT every Monday, Wednesday and Friday. Subscribe wherever you get your podcasts.

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