The United States Of Unicorns

Tyler Durden's picture

The United States is home to 105 unicorn companies valued at $1B+.

As of 7/25/2017, CBInsights.com reports that 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+.

click image for huge legible version

 

Key insights about the companies in this map:

  • Collectively, US unicorns are worth approximately $360B.
  • Combined, these companies have raised just over $73B.
  • After California, New York, Massachusetts, and Illinois, the next-highest unicorn populations are found in Utah (with four) and Florida (with three).
  • The top five most well-funded US unicorns are: Uber ($15.1B raised), Airbnb ($4.4B), WeWork ($2.76), Infor ($2.63B), and Lyft ($2.46B).
  • The oldest unicorn in the US is the greentech company Bloom Energy, which reached a valuation above $1B in 2009.
  • The newest unicorn in the US is 3D printing startup Desktop Metal, which became a unicorn in July 2017 after raising a $115M Series D.
  • The three most active investors in US-based unicorns, by total number of deals to these companies, are the VC firms Sequoia Capital, Andreessen Horowitz, and Tiger Global Management.   – CBINSIGHTS

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Newsboy's picture

"The value of ideas." today...

SafelyGraze's picture

left out some large not-for-profit corporations

 

Croesus's picture

God this shitshow can't collapse fast enough...

veritas semper vinces's picture

Even Unicorns are fake in this fake country.

Stuck on Zero's picture

Them Unicorns was hiding, playing silly games,
Kicking and splashing while the rain was pouring,
Oh, them silly Unicorns.

EuroZone's picture

I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... http://disq.us/url?url=http%3A%2F%2Fwww.amrica.win%3A0hVV72vUxBddqgfhVJ6...

Squid-puppets a-go-go's picture

ts the combined profits of these unicorns? article is fluff without debt/earnings

Ghost of PartysOver's picture

Emotional decision making, in this case greed, can be disastrous.    Its like a mini dot com era.  Lessons never learned I suppose.  But one or two of them will be a huge success with the only question of which.

junction's picture

In times past, you would find unicorns in circus midways, an attraction just like the strong man and the bearded lady.  Now, you have unicorns as a star attraction in the giant freak show commonly known as Wall Street.  

Blue Balls's picture

Zionist funny money at work.  If it's useless a zionist is behind it.

GatorMcClusky's picture

A century ago, what would the average startup be? Something related to industry? I couldn't zoom in and study exactly what these startups consist of, but at first glance they look like fluffy companies dependent on a bunch of metrosexual sissies to buy their products or services.
Good times ahead no doubt!

Canary Paint's picture

Desktop Metal looks interesting.

I think it is possible that we will eventually move back to repairable goods instead of cheap throw-away crap.

One way it could look is that there will be your local 3D printing shop. Then, you don't order replacement parts from China. You just send a prototype to the print shop and they fabricate it on site.

booboo's picture

I seen a munchkin once back in 68, she's long gone but I still follow the yellow brick road.

didthatreallyhappen's picture

here is the  old Internet joke:

You start a company which sells $100 bills for $75.  you are sustaining losses but have impressive volume.  Then, you raise the price to $80.  You have just cut your losses by 20%! the stock soars on the news.  you cash out and become a billionaire.

 

 

Proctologist's picture

Product? We don't need no stinking product .......

Just need dummies ........

apocalypticbrother's picture

California being set up for a big fall?

crazzziecanuck's picture

Potentially, but if I was head of a large rich organization I might prefer to live in northern California instead of Boston or Florida.  Granted, I'm more of a coastal Oregon person, myself.

That's the most probable reason why California has a "bubble" here.  Still, if the economy goes *pop*, I wouldn't want to be living in CA.

Seasmoke's picture

Draft Kings ???? Are you kidding me. 

Midnight Rider's picture

It's different this time.

manZman's picture

But think of all the daily active users they have! They'll be worth something someday... 

Anarchyteez's picture

They'll (CA) be the first I short when the worm turns. Insane overvaluations abound. Uber...$? $say wtf$?!!!

Thanks Tyler's.

TeethVillage88s's picture

LOL ok where is the real ZH Website or Mirror?

ZH Headlines today:

- Silicon Valley "Outraged" After Google Employee Pens Viral Doc Slamming "Anti-Conservative" Culture
- LA County Admits Number Of Registered Voters At 144% Of Resident Citizens Of Voting Age
- China's Minsky Moment Is Imminent
- More Lonely, Fewer 'Friends', Less Sex - Have Smartphones Destroyed A Generation?
- Morgan Stanley Asks At What Point Will EURUSD "Breathlessness Turn Into Outright Altitude Sickness"
- A Tale Of Two Countries (Or How The Fed Enabled Corporate Kingpins To Scalp Billions)
- Legg Mason Survey Finds Baby Boomers Are Roughly $30 Trillion Short On Retirement Savings
- The Madness Is Back: Homeowners Take Out Mortgages To Buy Bitcoin, Cars And Wine
- Unexpected North Korea Breakthrough Delays Trump Trade War With China (For Now)
- Tillerson, Lavrov Discuss What's Next For US-Russia Relations In First Post-Sanctions Meeting
- Rare Earths Are China's Most Potent Weapon In A Trade War
- Rand Paul Rages "Civil Asset Forfeiture Turns The American Justice System On Its Head"
- Bernie Sanders Releases The "Teen Guide To Political Revolution"
- Yanking The Bank Of Japan's Chain - "It's Basic Math, Stupid!"
- Does America Need An Imbecile Tax?
- Pence Blasts NYTimes For "Absurd Fake News" Suggesting He'll Run In 2020
- Rosenstein: "We're After The Leakers, Not Journalists"
- Labor Market 'Breadth' Nears Record Low
- "Visions Of Cataclysms": Why Eric Peters Is Starting A Long-Vol Fund
- Venezuela Claims It "Crushed" A Military Rebellion

bub's picture

You have to be pretty dense to believe there is viability in the products these companies are trying to sell.

lasvegaspersona's picture

heard of 9 of them, used none, none will ever effect me...

Akdov Telmig's picture

I'm very much looking forward for the Uber IPO, it's a piece of cake of a short, overvalued with an business model easy to replicate by futur competitors like they already did in India and China for example. 

thecondor's picture

Yep, I agree Akdov, Just wait til the automotive producers become ride sharing companies that produce thier own products (Self Drving Cars).  They want to be recurring revenue models not a production model.  With this, uber will be bought, or put out of biusniess.  They don't have the money to keep going. 

roddy6667's picture

Uber and its Chinese clone Didi were competing for business. Didi settled the argument by buying Uber-China. Neither of them has ever made a dime. They can be outlawed with the stroke of a pen and the government can block the URL users need to get a ride.

In India, the taxi drivers at the airports and other large pickup areas have purchased cheap GPS blockers which prevent Uber from operating near their cars.

Uber does not have a moat.

Arrow4Truth's picture

Unicorn? There's one under my bed... it's pink.

roddy6667's picture

Do any of these companies make a real profit? Not fake profits by stock buybacks, but by having unsbsidized sales exceed expenses?

space junk's picture

It's hard to imagine unless they can last for 20 years and get the VC training wheels and DEEP STATE money (for many) out of the equation.  Doubtful though.  VERY doubtful. 

Silver Savior's picture

I like my unicorn. They Ride smoother than whoreses.

 

So what's wrong with selling stuff below cost and getting money from the goobermint? I would not mind running a business like that. It's good to be sheltered because things are really bad out there. The goobermint should play a big role. 

SmittyinLA's picture

I guess Jerry Brown is the Unicorn whisperer, try and unvisualize that.

space junk's picture

Fake book is the biggest and probably worst of them all. Although GOogle/ABC/DEF/whatever gets INCREDIBLE government support by not having to pay taxes....

Since Fake Book established the precedent, all the techy-punks have to do is meet with VC groups, meet with 'real' deep state investors,then hype the stock up in a big feeding frenzy of media bullshit, then do a great big pump and dump on its investors.  That is how they were able to transfer ALL THAT WEALTH of ALL THOSE INVESTORS to Marx Fuckerbirg and his personal friends at the top of the company. Top price - (huge amount taken for personal confiscation) = stock price.  MAGIC!

Investors, the lifeblood of a company, who should be valued and appreciated, are now people to just shit on.  And Fake Book was the perfect template for that, ready to be used by the next punk ass in a hoodie, somehow 'magically' hailed as an <<HTML GENIUS>> just so happened to magically happen right after key meetings with the men in black.

FUCK the unicorn companies.  Look at Uber or Twitter....money making just isn't part of the equation for the most part.  Years ago this kinda shit would be laughed out of the business school.  Nowadays people just gulp down the shit and say thanks for the chocolate can I have more?

 

 

 

 

Ayn Rand rolling over in her grave.....

GentlemanJim's picture

I didn't see tesla on the list. Or do government ponzi scheme's don't count