Profile of a Unicorn

unicorn

An interesting article on TechCrunch, written by the folks at Cowboy Ventures – they put together a in-depth profile of startups that are now valued at $1B or more, referring to these mythical creatures as “Unicorns”.

Below are some highlights I found interesting.  Be sure to check out the rest of the article here.

Fun Unicorn Facts:

  • There are currently 39 Unicorns
  • Only 0.7% of venture backed companies (from ’03-’10) have grown up to be Unicorns
  • On average four Unicorns were born per year from 2003 -2010
  • It has taken seven plus years on average for these Unicorns to reach a liquidity event and a third of Unicorns are still private
  • There are more consumer oriented Unicorns than enterprise oriented Unicorns
  • BUT enterprise Unicorns have delivered more value per private dollar invested (26x total capital raised vs. 11x for consumer)
  • Average age of a Unicorn founder is 34 and there were on average three co-founders at each Unicorn
  • 90% of founding teams either worked together previously or went to school together
  • 80% of Unicorns had at least one co-founder who had previously founded a company
  • Few companies are the result of a successful pivot; ~90% of companies are still working on their original product vision

unicorn-graph1cunicorn-graph2c

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