What does a unicorn have in common with other unicorns?
How do you build a company that earns more than a million dollars?
Many factors can lead to the creation a “unicorn”. Future success can be achieved by a hardworking team, mentors and investors, as well as an unexplored market and a deep understanding of your customers’ needs.
Sage, a company which produces cloud accounting software, published a study that examined the commonalities among founders who have made this achievement. Continue reading to learn more.
Fact #1
94% of founders of unicorn companies are men. 6% women.
Fact #2
These founders were educated at Stanford, Harvard, and the University of California.
Fact #3
California has more unicorn companies than any other state. New York is second and Beijing third.
Fact #4
London is home to the largest number of unicorn-related companies in Europe. Stockholm is third, Berlin is second.
Fact #5
67% of these companies were founded by multiple founders.
Fact #6
37% of these companies were started by one founder.
Fact #7
67% of founders who have reached the billion-dollar mark were only those who founded the company. This is the second time you try.
Fact #8
People who have previously founded companies get higher valuations than those who launch their first company (around 4.290 million).
Fact #9
These sectors have the most unicorns: software, consumer internet and e-commerce.
Fact #10
There are slight differences in the sectors with highest valuations. The dominant position in the consumer internet is still held. This sector has a total value of almost $ 319.00 million. With a combined value exceeding $ 132 billion, financial services rank second. E-commerce is third. These unicorns are worth nearly $ 125 trillion.
Fact #11
Nineteen unicorn companies are celebrating their 10th year. 2007 was the year of the greatest number of billion-dollar companies.
Fact #12
Thirty-five companies were only four years old at the time they reached unicorn status.
Fact #13
In 2014, 58 companies were made unicorns. The number of unicorns rose to 86 in 2015, but it dropped to 41 in 2016.
Fact #14
Sage discovered that 2016 was the fastest year for companies to achieve unicorn status.
Fact #15
China and the United States had a hard time deciding how many companies could be granted unicorn status in 2016.
Fact #16
The top 10 most valuable companies in the world are split equally between China, America and Japan.
Fact #17
There are 144 unicorns all over the United States. China has 47 unicorns, while India has 10.
Fact #18
150 companies are valued between $ 1 billion to $ 2 billion, with the majority of them being on this list. Sixteen companies are valued at more than 10 million.
Fact #19
Uber is the unicorn with $ 62.5 billion in valuation.
Fact #20
Only one company is among the top 10, which was founded in the 1990s. It is Alibaba (NYSE : Alibaba Group Holdings [BABA]), which is ranked No. 5 was established in 1999.
