Unicorn insights. Fact #4: Exit Valuation / Raised Money ratio by countries and by industries
Introduction
We are starting a large-scale project about “investors magic touch”.
The aim of the project is to define early stage investors who can help you to become unicorn. For this purpose now we have the list of 626 Unicorns since 2000 and 2759 their investors.
As part of research preparation, we will share with you interesting statistics and insights.
Unicorn’s multiplier by countries
Table 1 represents rating of Top-15 countries by Exit valuation (Last valuation if still no exit) / Raised money ratio. This indicator is something like multiplier for investors, it shows how many dollars at exit comes from 1 dollar of investment.
Such countries in the top of the rating like United States and China (as well as United Kingdom) mean a highly developed venture capital environment. The greatest number of unicorns occurs in these countries, which means that a high average multiplier is not an accident, but the result of a systemic process.
The presence of other countries in the top of the list, like Sweden, speaks more about the talent of individual entrepreneurs rather than about the situation in the whole country.
Unicorn’s multiplier by industries
On the analogy of previous table, Table 2 represents rating of Top-15 industries by Exit valuation / Raised money ratio. In this case, there is a slight variation at the beginning of the rating, even taking into account the fact that for the analysis we excluded top-10 unicorns with the highest ratio.
Picture 2 shows very stable indicator of multiplier for top industries, except first two. If we look closer on these exceptions, we can explain it in this way:
- both of them has only 5 unicorns in category;
- almost all unicorns in the Android category show significant success, so we can conclude that it not an accident;
- on the other hand, all unicorns in the Furniture category show very ordinary multipliers, except only one with extremely high indicator value. So this case skews the sample, and you should not take Furniture category among the most successful ones.
Post Scriptum
A lot of thing to be done in this research till the end of 2019 but you can find some data following this shared google spreadsheets: http://bit.ly/2OKo34X
You can follow our chat in Telegram to have updates https://t.me/DDFundslist
