Why Prime Unicorn Index: Auditors
The Second Camera Angle Auditors Don’t Have When a referee makes a call on the field, the booth doesn’t just take his word for it. It pulls an independent camera angle and checks the call against it. Ask an auditor to review a fund’s fair-value mark on a private Series C holding, and there may […]
Unicorn Spotlight: Discord and the Digital Communities Keeping Students Connected
Back to School, Back Online As students return to classrooms and campuses, the communities shaping their lives will remain active beyond school walls. Study groups, campus organizations, gaming communities, and friendships operate through digital spaces after the final bell. Few companies illustrate that shift better than Discord, which has grown from a gaming-focused chat service […]
Throwback Thursday: The Private-Market Rise of Spotify
Spotify at a Glance As summer road trips give way to back-to-school playlists and study sessions, it’s a fitting time to look back at the platform soundtracking so much of it: Spotify. Founded in April 2006 in Stockholm by Daniel Ek and Martin Lorentzon, Spotify was created at a time when music piracy was reshaping […]
Breaking News: Prime Unicorn Index Closes at a New All-Time High
A New Record The Prime Unicorn Index closed at 314.08 on August 12, a new all-time high. The record breaks the previous mark of 311.26, set just eight days earlier on August 4. The Index has now climbed for two straight weeks, even as its largest component pulled back in between. Four companies drove most […]
Breaking News: Anthropic Dethrones SpaceX- A New No. 1 in the Prime Unicorn Index
A Changing of the Guard For the first time since 2021, SpaceX is no longer the No. 1 ranked company in the Prime Unicorn Index. Following a recent secondary transaction at $925 per share, a 57% increase from its prior observed price, Anthropic moved into the top position. Based on Prime Unicorn Index component data […]
What Goes Up Doesn’t Always Stay Up: This Quarter’s Unicorn Casualties
Every quarter, the Prime Unicorn Index reconstitutes to reflect the current state of the private markets, adding newly minted unicorns and removing companies that no longer qualify. This quarter’s departures are a useful reminder that crossing the $1 billion threshold is a milestone, not a guarantee. A valuation is only as good as the last […]
Throwback Thursday Highlighting Vacasa, the Vacation Rental Unicorn That Came Back Down to Earth
Vacasa at a Glance As summer travel hits full swing and families book beach houses, lake cabins, and mountain retreats, it’s the perfect moment to look back at Vacasa, the company that tried to bring big-tech scale to vacation home management. Vacasa was born around a dining room table in 2009, when founder Eric Breon […]
Unicorn Spotlight: Anduril Industries and America’s New Arsenal
z Welcome back to Unicorn Spotlight, a series where we highlight standout companies within the Prime Unicorn Index. With Independence Day just behind us, and the country’s attention briefly turned to questions of national defense and industrial strength, this edition turns to a company building the hardware and software behind America’s next generation of military […]
Sector Snapshot: Healthcare
Healthcare is one of the broadest and most consequential segments of the Prime Unicorn Index Composite, spanning health insurance, care delivery, biotechnology, diagnostics, clinical research, and the frontier of medical devices. Because so much of healthcare’s innovation now happens inside private companies, the sector is a clear example of why consistent private-market visibility matters. The […]
Soonicorn™ Spotlight: ScaleOps
Welcome to Soonicorn Spotlight, a new series where we highlight standout private companies whose recent funding, valuations, and traction put them on a path toward $1 billion and, potentially, the Prime Unicorn Index . The name says it all: a soonicorn is a company that’s soon to be a unicorn, a private business closing in on […]