50 Future Unicorns - Morning Brew

STARTUP 50 Future Unicorns CB Insights and the NYT teamed up to predict the 50 startups that will eventually be valued at $1 billion. And we’re reading the list very closely... Here’s why: 48% of startups they identified in a similar analysis in 2015 became unicorns. If that hit rate’s good enough for Cooperstown, it’s good enough for us. Straight to the main takeaway: This roster of wannabe unicorns is not like the previous cohort (Uber, Airbnb, etc.), per the NYT’s Erin Griffith. The old “benefited from the spread of smartphones and cheap cloud computing. Many of these companies built global empires by simply taking existing businesses...and making them mobile.” The new “largely focus on software for specific industries like farms, banks and life sciences companies.” Maybe you think the new class isn’t as sexy. But there’s nothing sexier to a farmer with a lot of data than a company that can analyze that information and give insights. Which is why Farmers Business Network has raised almost $200 million and has 7,700 farms as customers https://www.cbinsights.com/research/future-unicorn-startups-billion-dollar-companies/ 50 Future UniCorns