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Forbes Daily Briefing

Forbes Next Billion-Dollar Startups List Has Accurately Predicted 100+ Unicorns In 10 Years

Forbes Daily Briefing

Forbes

Tech News, News, Business

4.418 Ratings

🗓️ 15 August 2024

⏱️ 5 minutes

🧾️ Download transcript

Summary

Of the list’s 225 alumni, 131, or 58%, became unicorns, including DoorDash, Figma, Anduril, Benchling and Rippling. This year, it’s dominated by artificial intelligence.

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Transcript

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0:00.0

Here is your Forbes Daily Briefing for Thursday, August 15th.

0:05.0

Today on Forbes, Forbes Next Billion

0:08.3

Dollar Startups list has accurately predicted 100 plus unicorns in 10 years.

0:15.5

This year was the 10th year in a row that Forbes teamed up with Truebridge Capital Partners

0:19.8

to search for the 25 U.S. backed companies most likely to reach a $1 billion valuation.

0:26.0

Of the list's 225 alumni, 131, or 58 percent, became unicorns, including Door Dash, Figma, Andoril, Benchling, and Ripling.

0:40.6

Although 21 of those are now worth less than 1 billion dollars.

0:45.0

42 were acquired.

0:47.0

Only 3, 1%, went public for less than 1 billion dollars.

0:52.0

There have been surprisingly few disasters,

0:55.0

just five startups imploded or shut down,

0:58.0

most spectacularly,

1:00.0

Microbiome startup U biome,

1:02.0

an alum of the 2018 list, which liquidated after being rated by

1:06.3

the FBI over its billing practices.

1:10.2

Only the tiniest fraction of the nation's tens of thousands of venture-backed startups will ever reach a billion dollar valuation.

1:17.0

When Forbes first launched this list in partnership with Truebridge in 2015,

1:22.0

the goal was to find those that looked poised to become

1:24.4

unicorns well before they became household names. From the start the list

1:29.5

was grounded in quantitative analysis based on data provided by companies on metrics that include

1:35.0

revenue, revenue growth, valuation, valuation growth, and head count.

1:41.0

One of the standout companies that first year was TANiam, the cybersecurity startup

...

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