The Evolution of the Unicorn
Being one of 39 members in 2013, you could have considered a unicorn rare and unique. However, looking at the latest numbers, there is no need to worry about unicorn extinction anymore with the exclusive club being made up of 169 members.
During the formation of the Billion-Dollar Club in 2013, only American tech start-ups were considered to be a unicorn. Being the Top 0.7% of the American consumer and software start-ups, they paved the way for more Unicorns to come.
In 2014, the number of Unicorns increased to 45 members, including Europe and Asia as additional countries that birthed Unicorn companies. China's JD.com was leading the field with a valuation of 11.7 billion dollars, followed by Xiaomi (another Chinese company) and Dropbox, each a valuation of 10 billion dollars.
Already in early 2015, the number of members doubled to 106 companies. With Xiami at the top with a valuation of 46 billion dollars, Uber rose from nowhere to 41.2 billion dollars and taking the second place on the exclusive list of billion dollar companies.
While China dominated the top 5 in the first years, in 2016 the US took the lead through their fast-growing Unicorns like Uber, Airbnb, and Palantir. The total number of Unicorns increased again to 150 members.
Right now, in the current 169 members, Uber is facing its biggest Chinese competitor Didi Chuxing among the top 5 Unicorns. And another Unicorn has made it to the top five, Space X.