Inisghts from club 85: 2015 Unicorns

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Insights from Club 85: The 2015 Unicorns

January, 2015

Safa Rashtchy

Highlights §  The VC community considers private companies with a valuation of

over $1b to be a “Unicorn” – a highly unusual occurrence

§  As of January 2015, we have counted 85 Unicorns – the most comprehensive list yet published- with a combined market valuation of $285B

§  Consumer Sector accounts for a majority of Unicorns; we expect Transportation, and Consumer Services sectors to increase their share of unicorns in the coming years

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U.S$$67%$

China$19%$

Europe$5%$

Other&8%&

Think&+& & & & & &Thinkplus.vc&2015$Unicorns$:$By$Region$

China is Becoming A Major Source of Unicorns

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Consumer Sector Dominates

Consumer)57%)

Enterprise)36%)

Consumer/Enterprise))))

7%)

Think&+& & & & & &Thinkplus.vc&2015)Unicorns)9)By)Sector)

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Consumer Sector Dominates

Consumer sector companies dominate with a nearly

60% share of the Unicorns, based on the number of

companies. On a market-cap basis, consumer sector is

nearly 75 % of the total Unicorns.

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Further Analysis Shows Consumer Utilities and Content is the Single Biggest Area

Consumer))U+li+es,)content,)

etc.)25%)

Enterprise))So8ware/Services)

14%)

e?commerce)11%)

Transport/)Travel)8%)

HealthCare)7%)

Consumer))Electronic)

6%)

Cloud)Technology)5%)

Game/Entertainment)

7%)

Payment)4%)

Other)14%)

Think&+& & & & & &Thinkplus.vc&)

2015)Unicorns)?)By)Industry))

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On a Market-Cap Basis, Uber and Xiaomi Shift the Sectors

Consumer)U+li+es/content,)etc.))17%)($48)B))

Transport/Travel)21%)($59)B))

Consumer)Electronic)18%)($52B))

eDcommerce)9%)($23B))

Other)14%)($37)B))

HealthCare)5%($15B))

Payment)4%($11B)))

Game/Entertainment)4%

($13B))

Cloud)Technology)2%)($7B))

Enterprise)SoOware)Services)5%)($16B))

Think)+) ) ) ) ) )Thinkplus.vc)

Unicorns)as)of)2014)D)By)Market)Cap)

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Excluding Uber and Xiaomi, Consumer Content is Still the King

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Consumer)U+li+es/content,)etc.)24%)($48B))

Transport/Travel)9%)($19B))

Consumer)Electronic)4%)($7B))

eCcommerce)13%)($26B))

Other)19%)($37B))

HealthCare)7%)($13B))

Payment)6%)($11B))

Game/Entertainment)6%)($13B))

Cloud)Technology)3%)($7B))

Enterprise)SoOware/Services)

8%)($16B))

2015)UnicornsC)By)Market)Cap)(excl.)Uber)and)Xiaomi))

The Full List

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The Full List (Cont.)

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