USA Ranks Among Best Countries For Unicorn Start-Ups In The World
Unicorn start-ups are businesses which are independently owned and valued at over $1 billion. Known as ‘unicorns’ for their rarity, there are currently only 750 such businesses in the world according to cbinsights.com.
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Interested in finding out more about these businesses, Money.co.uk set out to find out which countries, and sectors, produce the start-ups that reach a $1 billion valuation fastest by analysing every unicorn company’s start date and the date of its $1 billion valuation.
USA: The Fourth Best Country For Unicorn Start-Ups
Money.co.uk can reveal that the USA is the joint fourth best country in the world for unicorn start-ups. With 378 businesses currently valued at over $1 billion, it has taken Japan’s unicorn businesses an average of 6 years and 11 months to reach the valuation of $1 billion.
For more information about the USA’s unicorn businesses, please see the spreadsheet in the Dropbox folder linked below titled ‘Money.co.uk Unicorn Businesses – Countries’.
Countries Overview:
Country Total number of unicorn companies Average years taken to reach $1B #1 China 155 5 years, 10 months #2 Hong Kong 5 6 years, 1 month #3 Japan 6 6 years, 3 months =#4 USA 378 6 years, 11 months =#4 Singapore 6 6 years, 11 months =#4 Australia 6 6 years, 11 months #7 Israel 17 7 years, 3 months #8 France 16 8 years, 3 months #9 UK 31 8 years, 7 months #10 India 34 8 years, 9 months #11 Brazil 12 8 years, 10 months #12 Canada 12 10 years, 9 months #13 South Korea 10 10 years, 10 months #14 Germany 16 11 years, 5 months #15 Switzerland 5 14 years, 11 monthsChina Leads The World Of Unicorn Start-Ups
The country that produces the start-ups which reach a $1 billion valuation fastest is China, with its 155 unicorn companies taking an average of just 5 years and 10 months to reach $1 billion.
The second fastest country for unicorn businesses to reach $1 billion is Hong Kong, whose businesses take an average of 6 years and 1 month, followed by Japan’s which take an average of 6 years and 3 months.
Fourth spot is taken by the USA, Singapore, and Australia, whose unicorn companies all took an average of 6 years and 11 months to reach $1 billion.
The country that produces the most unicorn businesses is the USA (378 businesses), followed by China (155), and India (34).
Sectors Overview:
Sector Total number of unicorn companies Average years taken to reach $1B #1 Auto & Transportation 31 4 years, 5 months #2 Artificial Intelligence 62 5 years, 6 months #3 Hardware 27 5 years, 7 months =#4 Mobile & Telecommunications 35 6 years, 4 months =#4 E-Commerce & Direct-to-Consumer 82 6 years, 4 months =#6 Supply Chain, Logistics & Delivery 42 6 years, 11 months =#6 Cybersecurity 30 6 years, 11 monthsThe post USA Ranks Among Best Countries For Unicorn Start-Ups In The World appeared first on ValueWalk.
Source valuewalk