First, the good news for Missouri is that more and more Unicorns ($1B valuation startups) don’t start or end up in Silicon Valley. EquipmentShare, Nerdy and Benson Hill are all good examples of this phenomenon.
And it’s a trend that is going on around the globe according to a report out this week by Startup Genome. First off, the number of Unicorns is on the rise, with a record 540 tech startups achieving that status in 2021.
Courtesy: Startup Genome
So the total number really shot up in 2021, perhaps an anomaly. But the number of ecosystems producing at least one Unicorn has been rising steadily for a decade… topping 113 in 2021.
Courtesy: Startup Genome
More than 7% of all Unicorns move from wherever they started to another ecosystem, with most (41%) global startups moving to the United States… 14.3% of those going to Silicon Valley and 50% moving to New York. Additionally, 27% of the companies that moved were U.S.-founded Unicorns that took their headquarters elsewhere within the country.
For the full report by reporter Farshad Fahimi click HERE.
