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Since 2000, the number of unicorn companies - privately held startups valued at * U.S. dollars or more - has grown significantly in the United States. The term “unicorn” was first coined in 2013, when there were around 100 such companies in the U.S. However, with the rise of venture capital funding, technological advancements, and increased market opportunities, the number of unicorns has surged. By 2020, the U.S. had *** unicorns, and in 2021 alone, fueled by record-breaking investment levels, nearly *** new unicorns were created. The peak of unicorn growth was driven by sectors like fintech, AI, and enterprise software. While the pace of new unicorns slowed in 2023 due to economic downturns and tighter investment conditions, the U.S. remains the global leader in unicorn creation.

Founded in 1998, Google reached a * U.S. dollars valuation in 1999 or early 2000 before going public in 2004, which made it the first unicorn company in history. Other early unicorns include Facebook, LinkedIn, and Twitter, all of which achieved billion-dollar valuations before their IPOs.