Within a matter of months, the centre of startup growth will shift permanently away from the US.
This week, CB Insights reported that a total of 91 startups outside the US are Unicorns - with values of over $1 billion. This is about to overtake America’s total of 98 Unicorns and this will be the last report where the US number is greater than 50%.
The number of new Non-US Unicorns overtook US Unicorns 2 years and has been a growing percentage ever since.
> In 2014, Non-US startups were 37% of new Unicorns
> In 2015, Non-US startups made up 53% of new Unicorns
> In 2016, the Non-US number grew to 58%
> In 2017, this year 72% of the 11 Unicorns are Non-US
The 8 Non-US Unicorns this year are:
* BrewDog in UK
* Avaloq Group in Switzerland
* ReNew Power Ventures in India
* Toutiao, NIO, Ofo, URWork and Zhihu in China
That’s good news if you’re in Asia, where 6 out of this year’s 11 new Unicorns are based.
As with all tipping points, this shift is already leading to a rapid increase in opportunities, resources, talent and capital. If you’ve been waiting for the right time to start your business, now is the time.
More startup stats from CB Insights: https://www.cbinsights.com/…/startup-unicorns-international…
We are living in a world of great change and great uncertainty - but also a world of great opportunity.
“It was the best of times,
it was the worst of times,
it was the age of wisdom,
it was the age of foolishness,
it was the epoch of belief,
it was the epoch of incredulity,
it was the season of Light,
it was the season of Darkness,
it was the spring of hope,
it was the winter of despair.”
~ Charles Dickens
A Tale of Two Cities
Which side you choose to focus on will determine your actions today and your future tomorrow.