What are Unicorn Startups?

Unicorn Startups

Unicorn Startups क्या हैं? The difference in Unicorn Startups & other startups, Current Affairs 2018

Technology startups worth $1 billion, once as rare as unicorns, are now plentiful enough and old enough that there is a new generation behind them — one that looks very different.

Silicon Valley’s current crop of highly valued tech startups, which include now-household names like Uber and Airbnb, all benefited from the spread of smartphones and cheap cloud computing.

Many of these companies built global empires by simply taking existing businesses — like taxis, food delivery and hotels — and making them mobile.

Some of the startups became giants: Uber, for instance, may reach a $120 billion valuation this year.

But as those companies have matured and prepare to go public, the easy opportunities for disrupting old-line industries are drying up.

Now, many of the up-and-coming startups that may become the next unicorns have names like Benchling and Blend. And they largely focus on software for specific industries like farms, banks and life sciences companies.

That is according to an analysis for The New York Times by CB Insights, a firm that tracks venture capital and startups.

CB Insights used a variety of data — including financial health and the strength and size of the market a company serves — to identify 50 startups that may be on a path to achieving a $1 billion valuation (though there is no guarantee they will get there).

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