UNICORNS DECLINE FASTER

‘A creature known in antiquity for its rarity, unicorns are becoming rarer’ Pitchbook Unicorn report

A Unicorn is a start-up with a private valuation over US$1 billion

NEW UNICORNS

596 created 2021

308 so far 2022 – a 48% decline?

“..cumulative valuation at point of creation for unicorns in 2022 is US$556 billion, second only to 2021's total of US$1.2 trillion” a 54% decline

“The average and median valuations for new unicorns in 2022 were $1.8 billion and $1.6 billion, respectively, both second to 2021”

“..although?unicorn valuations have not declined as much ?as the stock market”

“..a quarter of all billion-dollar startups have a valuation of less than $1.2 billion” meaning these companies are at risk of losing the designation”

“For unicorns minted this year,… a valuation under that threshold is at 37%.”?

CB Insights lists 1203 Unicorns with peak valuations US$3,895 billion – a 37% decline would leave 757 Unicorns valued at US$2,453 billion. Given the Top 12 have dropped 48% in valuation this could be more realistic – US$2,025 billion?

CURRENT TOP UNICORNS

In January 2022, the top twelve Unicorn List was dominated by Fintech’s

A Unicorn is a start-up with a private valuation over US$1 billion.

The Top 12 had valuations of US$765 billion in 2021, since then 48% or US$251 billion has been wiped off valuations, with two Unicorns deleted from the top 12

Fintech changes:

Stripe - valuation was US$95 billion in 2021, now US$74 billion

Klarna?- US$46 billion, now US$6.7 billion 84% decline, drops down list

NuBank?- US$45 billion, deleted, now a public company with Nasdaq US$17 billion market cap

CheckOut com?- US$11 billion down 73% from US$40 billion

Revolut?- US$33 billion unchanged

FTX – gone bust

Other changes in the Top 10 Unicorns –

SpaceX – unchanged US$127 billion

Bytedance (TikTok) – down to US$105 billion

SHEIN?– down to US$75 billion,

Canva?down to US$26 billion

Databricks down to US$31 billion?