Weekly Unicorn News features current articles about private technology companies whose ideas are dynamically changing our world. Investors refer to these private, venture-backed companies, all or most of which are valued at over $1 billion, as Unicorns, due to their rarity and size. This week’s issue features LinkedIn’s list of the 50 most sought-after startups and articles on SpaceX, Pinterest, 23andMe, Spotify, Lift, and Infor. Click to read.
APPLETON, Wisc., Oct. 18, 2017 /PRNewswire/ — Endowment Wealth Management, Inc. has announced the launch of its EWM Unicorn Technology Fund. The private fund is seeking to raise up to $25 million to capitalize on what its management team sees as opportunities in the secondary market for private, late-stage venture capital technology companies. Such firms are often referred to as unicorns due to their rarity and size. The Fund manager will seek to build a diversified portfolio of companies that it believes may experience a liquidity event in the next 2-4 years. The Unicorn Technology Fund is currently fully invested across six such companies and the manager intends to add additional investments as the Fund grows. Read entire release.
The unicorn frenzy has slackened in the US when compared to 2014 and 2015, but still more billion-dollar companies are being created than are turning that valuation into cash for their investors. While several of these companies have completed successful exits this year, more value is locked in unicorn companies than ever before.
The 2017 Unicorn Report slices through data surrounding these billion-dollar companies to analyze trends ranging from step-ups to down rounds to exit prospects. Included in the report are detailed tables packed with the specific deal terms surrounding dozens of unicorns.
Click here to download the Pitchbook 2017 Unicorn Report: PitchBook_2017_Unicorn_Report
Four so-called “unicorns,” or private companies valued at $1 billion or higher, completed initial public offerings in the second quarter. That was double what was seen in the first quarter, and equal to the number of unicorn IPOs for the entire year in both 2015 and 2016, according to data compiled by Goldman Sachs.
http://www.businessinsider.com/tech-unicorn-ipos-are-booming-2017-8
Collectively, US unicorns are worth approximately $360B. Combined, these companies have raised just over $73B. To see the full list of US unicorns and associated data, check out the CB Insights blog.
The United States is home to 105 unicorn companies valued at $1B+. As of 7/25/2017, six private US companies are worth over $10B. The two most valuable unicorns in the US are Uber ($68B) and Airbnb ($29.3B). Palantir Technologies and WeWork, both valued at $20B, are tied for third.
Of the top four highest valued, only WeWork (which is based in NYC) is headquartered outside California. California has the highest unicorn “population” of any US state by far, with 62 billion-dollar startups inside its borders. New York ranks second with 15, followed by Massachusetts and Illinois with five each. Eight other states and the District of Columbia are also home to at least one company worth $1B+.
Using the CB Insights database and our real-time global unicorn tracker, we visualized the locations of every US-based unicorn in the map below.
KEY INSIGHTS ABOUT THE COMPANIES IN THIS MAP:
Learn about our Unicorn Technology Fund by registering here: https://endowmentwm.com/accredited-investor-signup/
Source: CBInsights
