A new study looks ahead at which businesses could be the latest members of the nine-figure club.
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Venture capitalist Aileen Lee, the founder of Cowboy Ventures and more recently a founding member of All Raise, in 2013 coined the term unicorn to describe companies that are valued at at least $1 billion.
At the time, Lee identified 39 companies, including now usual suspects Instagram, YouTube, Hulu, Airbnb, Uber, Twitter and LinkedIn. Lee dubbed Facebook a “super unicorn” because it was worth more than $100 billion in 2013.
In 2017, there were 71 new unicorns and in 2018 there were 112. As of the beginning of 2019, CB Insights found that 315 companies from across the world could claim membership to the club.
In the recent study, CB Insights noted…