canyonwalker: Cheers! (wine tasting)
[personal profile] canyonwalker
The startup company I've been working at for just over 4 years is now a unicorn. In the tech industry "unicorns" are privately held startup companies with a valuation of $1 billion or more. We passed the $1B mark today with a public announcement of new funding led by major global investment banks.

Tech unicorn illustration from Fortune magazine

"Do I know a[nother] unicorn?" you might ask. Some household-ish names that are unicorns today are ByteDance, SpaceX, InstaCart, and Epic Games. Of course, these particular companies are way higher up the ladder than $1B valuation.

As of this month here are just over 900 unicorn companies worldwide. I've seen figures from 925 to 933 in different publications. On the one hand that seems like a lot. On the other hand it's really not a lot. We're in rarefied air.

Note: I make a practice of not naming my employer on this blog.
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canyonwalker

May 2025

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