Could These Companies Be the Next $1 Billion Unicorns?

A new study looks ahead at which businesses could be the latest members of the nine-figure club.


2 min read


Venture capitalist Aileen Lee, the founder of Cowboy Ventures and more recently a founding member of All Raise, in 2013 coined the term unicorn to describe companies that are valued at at least $1 billion.

At the time, Lee identified 39 companies, including now usual suspects Instagram, YouTube, Hulu, Airbnb, Uber, Twitter and LinkedIn. Lee dubbed Facebook a “super unicorn” because it was worth more than $100 billion in 2013.

In 2017, there were 71 new unicorns and in 2018 there were 112. As of the beginning of 2019, CB Insights found that 315 companies from across the world could claim membership to the club.

In the recent study, CB Insights noted that of the categories that had the most unicorns, internet software and services came out on top with 24 percent of unicorns, ecommerce second with 13 percent of unicorns and then fintech with 10 percent of unicorns.

Some of the businesses that are currently on the list include 23andMe, shoe manufacturer AllBirds, Buzzfeed, DoorDash, HR solutions platform Gusto, Squarespace and Warby Parker.

Related: 20 Facts About the World’s Billion-Dollar Startups

CB Insights conducted an analysis for The New York Times identifying which businesses on the rise are on track to a potentially $1 billion or more valuation.

So who’s next?

Millennial beauty brand Glossier, wedding planning platform Zola and Faire, which connects retailers and wholesale merchandise, were highlighted, as were businesses such as Checkr, a background check platform for startups, Benchling, which makes data management software geared to scientists, and Earnin, a company that aims to help employees track their earnings.

According to the analysis, the path to unicorn status is a global one, with CB Insights noting that five businesses in India, four in China and three in Latin America could achieve $1 billion valuations.

Source link

more recommended stories

  • The Far-Reaching Impact of Embedding a Sustainable Workplace Culture for World Earth Day — Today!

    Today’s observance is a great opportunity.

  • Keep Your Browsing Data Private With This VPN

    Surfshark VPN is a lightning-fast security.

  • Can You Still Make Money Dropshipping in 2019?

    The short answer is no. April.

  • Get Proficient With Google Analytics and Improve Your Earning Potential

    This two-day course will have recruiters.

  • How This Croatian Basketball Player Made His NBA Dream Come True

    Ivica Zubac, center for the Los.

  • How to Measure Performance of Your Outsourced Developers

    Focus on the outcome, not the.

  • 5 Reasons Why Kindness Has Become the Key to My Happiness, Both in Business and in Life

    One small act of kindness, even.

  • Why Your Stomach May Hold the Key to Your Mental Performance

    Don’t just blame your apathy or.

  • Learn How to Make Smarter Real Estate Investments

    These expert-led classes guide you through.

  • Strong Retail Sales and Corporate Earnings Results Boost Entrepreneur Index™ and Confidence in the Economy

    The Entrepreneur Index™ posted a modest.

  • Mitch McConnell Is Positioning Himself as the Champion of the U.S. Hemp Industry

    The Senate Majority Leader sees hemp.

  • An Argument for Farming Hemp

    U.S. agriculture has seen better days,.

  • Entrepreneur Index™ Down as Medicare-for-All Idea Rattles Healthcare Stocks

    The healthcare industry, normally a defensive.

  • 10 Time Management Tips That Work

    Are you working on clock time.

  • How This Entrepreneur Is Improving Women’s Health

    This non-profit is testing new strategies.

  • Netflix Surges Before Earnings Report and Pushes Entrepreneur Index Higher™

    Meanwhile, the real estate investment trust.

  • Tax Audits Are on the Rise. Here’s Why You Shouldn’t Freak Out.

    Don’t panic, a letter from the.

  • Green Entrepreneur’s New Podcast Will Make You Smarter About the Cannabis Business

    The weekly show features in-depth interviews.

  • Alibaba’s Billionaire Founder Jack Ma Says Companies Forcing Staff to Work Overtime Are ‘Foolish’

    He was responding to a debate.

  • How This Entrepreneur Used CrossFit to Build a Business

    This Entrepreneur won the 2008 CrossFit.

  • How to Negotiate the Price of a Pricey Premium Domain

    Buying a domain at the asking.

  • This Guide Can Help You Shed Your 9-to-5 and Become Your Own Boss

    Shape your own path as an.

  • Do You Have Trouble Sleeping? If So, This Might Help.

    Lack of sleep can affect your.

  • This Leader Says That 4 Words Changed His Life

    April 13, 2019 1 min read.

  • Boost Your Website’s Visibility With This SEO Course

    April 13, 2019 2 min read.

  • Strong Earnings and Big Oil Deal Push Stock Prices Higher

    Oil producer Hess Corp. helps the.

  • How to Monetize Your Podcast

    Gary Coichy, the Founder and CEO.

  • Why Is There No Green in the Garden State?

    Despite wide support by New Jersey.

  • Tesla Shares Down After Gigafactory Expansion Put on Hold

    Plus, Bed Bath & Beyond plummets.

  • Why Can’t Cops Tell Them Apart?

    Both plants are cannabis, but there.

  • Amazon Employees Call for a Company-Wide Climate Change Plan

    This doesn’t guarantee that Bezos and.

  • Bed Bath & Beyond Once Again Drives Entrepreneur Index™ Higher

    The retailer reports earnings after market.