How Old Are The $1B+ Unicorn Companies?

Amid public market turmoil in 2018, private companies saw a year of record growth - according to Business Insider, an estimated 47 companies crossed the threshold into “unicorn” status in the United States. This term refers to a privately-held company valued at more than $1 billion, typically in the world of tech startups, that have raised venture capital funding.


In this report, we rank at the age and size of all unicorn companies in the Craft database, looking at their profiles and private market valuations.


We found that the average age of a unicorn was just over 9.5 years, with a median age of 8 years. The difference here means there is a skew in the distribution towards younger companies.


In the table below, we looked at the top 25 youngest unicorns in the table below.




Scooter company, Bird, and Chinese freight logistics company, Manbang Group, top the list with unicorn status just two years after their inception in 2017. Another company in the freight and shipping industry, Convoy, also appears high on the ranking, founded two years prior in 2015. A recent addition to the Unicorn list, popular San Francisco-based footwear company, Allbirds, also appears on the ranking at an age of four years since their inception.


Next, we rank which unicorns have been around the longest (ranked by years since the founding year).




The oldest company in this ranking is Promasidor, a Food & Beverages company based in Johannesburg with an estimated valuation of $1.6B, and the second oldest company is Avaloq, a Swiss Financial Services company with an estimated valuation of $1B. Epic Games, creator of the popular game, Fortnite, also appears on this ranking, along with Elon Musk’s SpaceX.


Finally, we look at the size (by estimated employee headcount) of unicorns to see which companies were able to make it to this coveted status with the smallest team size.



Revolution Precrafted, based in the Philippines, topped the list with only an estimated 58 employees. Zume Pizza, the Mountain View-based pizza delivery company that patented “Cooking En Route” technology, ranked second on the list with an estimated 60 employees. San Francisco-based footwear company, Allbirds, also appeared on the list with an estimated 147 employees and also appeared on the ranking of youngest companies, at four years since their inception.


Interestingly, 22 out of the 25 smallest companies are younger than the average age across all unicorns of 9.5 years since they were founded. This could indicate that younger, smaller companies are reaching unicorn status quicker with less human capital resources.


About Craft:


Craft is a machine-learning powered data and analytics platform building the ‘Source of Truth’ on companies, and mapping the global economy. We organize data from thousands of sources to provide comprehensive, up-to-date sector and company profiles, ranging from early-stage to the largest companies in the world.


As the economy, and nature of work continue to undergo massive transformation, Craft’s mission is to provide context and freely available tools to help people discover and evaluate companies and opportunities. Our platform is used for market and sector research, customer lead generation, competitive analysis and career search.


We welcome your feedback. Please feel free to contact us at hello@craft.co.


Allbirds
HQ
San Francisco, US
Employees
154↑ 5% increase

Allbirds is a company that specializes in designing sustainable footwear.

View company
Convoy
HQ
Seattle, US
Employees
474↑ 13% increase

Convoy is an on-demand commercial trucking company that offers the industry’s top service levels.

View company
Epic Games
HQ
Cary, US
Employees
2,254↑ 8% increase

Epic Games is a video game development company.

View company
LegalZoom
HQ
Glendale, US
Employees
872↑ 2% increase

LegalZoom is a provider of online legal document services and legal plans to families and small businesses.

View company
Letgo
HQ
Naarden, NL
Employees
286↑ 3% increase

Letgo is a provider of a mobile application that allows users to buy and sell secondhand things locally.

View company
Pony.ai
HQ
Fremont, US
Employees
173↑ 2% increase

Pony.ai creats artificial intelligence solutions for autonomous driving.

View company
Samsara
HQ
San Francisco, US
Employees
687↑ 14% increase

Samsara disrupts the traditional sensor model with an integrated, software-centric solution.

View company