Spain has few start-ups in this select club, but those that are members stand out for their technological focus and a very disruptive business model. The cocktail of success has several ingredients: luck, contacts, finding a gap not covered by the market or being in the right sector.

But all members of the entrepreneurial ecosystem warn that being classified as a unicorn is just a number, and the money, just as it comes, goes if business expectations are not met. And everyone recognizes that the business projects that come after them will have a more difficult time: the end of free money with the increases in interest rates has caused investors to be more selective and distrustful. The label has given them publicity and projection, but it has never kept them awake, they say. They agree on highlighting some aspects: being flexible when modifying the idea, getting the right investors who support the project, having a team and, above all, identifying the potential. They also agree on something else: although they also agree that the label hasgiven them publicity, it has not allowed them to lose control of the company.