> They got a 50 million seed donation in 2017 and reported almost 30 million in revenue in 2024. They are not exactly small. If they were VC founded and not a non profit they would be a unicorn.

The donation to Signal and VC investment are very different things: Donations to Signal are for operating costs. VCs invest for the purpose of enabling and owning a share of exponential growth to 'unicorn' status.

> unicorn

Unicorns are billion dollar companies that are rapidly growing. Signal isn't close to that.