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Like comparing Apples to unicorns

Sep. 22, 2021

Apples to apples? In this market, it might make more sense to compare Apples to unicorns. Currently, that exchange rate is right around 1 to every 800. There are now more than 800 “unicorns” or private startup companies worth more than $1 billion (like Stripe, SpaceX, Reddit, Instacart, Warby Parker, and Discord to name just a few). Combine those 800 with yet another 800 super promising companies and you wind up with a total combined valuation of $2.6 trillion. A staggering figure that, remarkably, is almost equal to what the world’s most valuable company, Apple, is currently worth (give or take just a few billion).

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