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Unicorns

Unicorns

| September 13, 2021
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A “unicorn” in business is a startup with a valuation of a billion dollars or more – so-called because they used to be “as rare as a unicorn”.  Not any longer!  Floods of startups and even bigger floods of venture capital have resulted in more than 800 private startups with valuations of a billion dollars or more.  Some recent “hotties” are the likes of Stripe, SpaceX, Bytedance and Epic Games.  Adding up the current valuations of all 800+ unicorns comes to a staggering $2.6 trillion!  A sobering thought is that all of those 800 unicorns add up to…1 Apple!  (Data from CB Insights, chart from Chart.co)

Jeffrey Cerny

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