This new study compares what these “Unicorn” companies have in common – to give you some guidance for the path you should pursue.

Topics: 1^st Time, Co vs Solo Founders, Best School, Time to Unicorn, Faster, Trend, Tally, Valuations, M vs W, top 3 Industries + more . . .

What is a Unicorn company? A tech Unicorn is one of the Tech company Startups that has been valued by investors at more than one billion dollars $B.

How do you build a Unicorn that brings in > a Billion dollars? There are many factors that can contribute to the creation of a Unicorn: Advisors, Mentors, inspired Team, loyal (& often viral) Customers & supportive Investors. Identifying an untapped corner of the market and a keen understanding of what your customer base wants – then delivering it – can contribute to future success at this high level for Startups.

What do the Unicorns have in common? A company that makes cloud accounting software for small business, released a study exploring the commonalities between the Startups that get to this major business milestone. Read on for some of the research’s most

1. 1^st Time Founders. Sixty (60) percent (6/10) of the founders who reached the Billion-dollar mark are first time founders. Twenty-three (23) percent (1/4) of founders are on their second attempts.
2. Co vs Solo Founders. Sixty-seven (65) percent (2/3) of the companies were launched by co-founders. Thirty-five (35) percent (1/3) were started by only one founder.
3. Serial Entrepreneurs. The people who have launched companies before, receive higher valuations on their companies than first timers, an average of $6 Billion compared to $4.3B.
4. Best School Stanford (200), Harvard (120), MIT (100), & UC Berkeley (85) are the top alma maters of Unicorn founders. Go to Stanford.
5. California is home to the most Unicorn companies. New York has the second highest and the third jumps overseas to Beijing, China.
6. Time to become a Unicorn. Thirty-five (35) of the companies on the list were four years old when they achieved Unicorn status. Have patience.
7. Faster to Unicorn. In 2016, it was found that companies achieved Unicorn status faster than any other previous year.
8. Trend of Unicorns. In 2014, 58 companies became Unicorns. In 2015, that shot up to 86, but in 2016, the number dropped to 41.
9. Tally: the United States has 144 Unicorns in total. China has 47 & #2 India has 10.
10. Valuations. The industries with the top valuations are slightly different. Internet is still at the top. Those companies have a combined value of nearly $319 Billion. But Financial Services is at number 2 with a combined value of more than $132 Billion. Ecommerce is number 3. Those Unicorns have a combined value of nearly $125 Billion.
11. Men vs Women. Ninety-four (94) percent of the Unicorn founders are men. Only Six (6) percent are women. Women need be enabled more.
12. The top three Industries with the most Unicorns are Internet, Software & eCommerce.
13. Bottom-up. One-hundred-fifty (150 = 90%) companies, the majority of the list, are valued between $1 & 2 Billion. Sixteen businesses (15 = 10%) have a valuation of more than $10 Billion.
14. In Europe, London is the city with the most Billion-dollar companies. Berlin is #2 and Stockholm #3.
15. 10-year Anniversaries of being a Unicorn, was held by 29 companies in 2016. 2007 is the year that yielded the most Billion-dollar companies.

Comments: Which Fact impresses you the most about becoming a Unicorn?

a few Unicorns – valued > $B [1/17]

from Entrepreneur.com 27 Jan 17 significantly enhanced by Peter/CXO Wiz4biz

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