The two aren&#x27;t mutually incompatible.<p>If you&#x27;re an early-stage investor you don&#x27;t look for unicorns not because you don&#x27;t want them (you obviously do) but because you can&#x27;t spot them based on business model,  traction, etc.<p>As an early stage investor you focus on team&#x2F;founders because that&#x27;s the best early predictor that a company will become a unicorn in the longer term.