This Week in the Index: BillionToOne Beats the Odds
Week of October 30 – November 5, 2025 Quick Summary Welcome back to This Week in the Index, where we’ll give a brief overview of what happened this week among Prime Unicorn Index components. BillionToOne goes public; Verkada, KoBold authorize new rounds; Cerebras sees a bump in secondaries, and publics have a rough week. Primary […]
This Week in the Index- Navan Tanks after IPO
Week of October 23 – October 29, 2025 Quick Summary Welcome back to This Week in the Index, where we’ll give a brief overview of what happened this week among Prime Unicorn Index components. Primaries picked up; secondaries were mixed (Cerebras up, Anduril/SpaceX down); publics mostly higher, led by CoreWeave. Index +0.2% WoW. Primary Rounds […]
Carta, Inc: Where Trust Met Its Match
The Rise Carta built itself into an essential tool in the private-markets ecosystem. Founded to manage cap-tables and equity plans for startups and investors, Carta amassed sensitive, private data: investor identities, shareholdings, company valuations, cap tables, and secondary transactions. It became ubiquitous in the venture / startup world. The Fall: Data Misuse & Reputation Risk […]
This Week in the Index- Redwood Materials Raises $350M
Week of October 16 – October 22, 2025 Quick Summary Welcome back to This Week in the Index, where we’ll give a brief overview of what happened this week among Prime Unicorn Index components. It was a busy week with primary rounds, secondary trades, and acquisitions. Publics pulled back. Index −0.5% WoW. Primary Rounds & […]
Throwback Thursday Highlighting Dropbox, the Cloud Collaboration Giant
Today’s Throwback Thursday is highlighting Dropbox, a former unicorn that helped reshape how we work and share files. Dropbox at a Glance Founded in 2007, Dropbox gave us the concept of “the folder in the cloud” with seamless file-syncing across devices. Its freemium model caught on rapidly in both consumer and enterprise markets, turning file […]
Prime Unicorn Index – Q4 2025 Reconstitution
The Prime Unicorn Index and Prime Unicorn 30 have completed their quarterly reconstitution, reflecting the latest private-market activity across U.S. venture-backed unicorns. This quarter saw ten new components added to the Composite Index and three removed following acquisitions, bringing the total component count to 225. Meanwhile, the Prime Unicorn 30 saw two new additions as […]
This Week in the Index- Q4 Reconstitution
Week of October 9 – October 15, 2025 Quick Summary Welcome back to This Week in the Index, where we’ll give a brief overview of what happened this week among Prime Unicorn Index components. This week was Q4 2025 Reconstitution, meaning both indexes were rebalanced, and new companies were added. Whatnot sees a big jump […]
Resilience Through Volatility: How the Prime Unicorn 30 Index Nears an All-Time High Despite Market Headwinds
Even amid government uncertainty and broad market weakness, our Prime Unicorn 30 Index continues to demonstrate exceptional resilience, approaching its previous all-time high of 197.45 (set on November 9, 2021) with a recent close of 180.15 on October 8, 2025. This strength underscores how our index remains largely uncorrelated with major benchmarks and offers meaningful […]
Unicorn Spotlight: Cerebras Systems
Welcome to the Unicorn Spotlight, a series where we highlight companies currently in the Prime Unicorn Index. Each post will give a snapshot of what makes these unicorn companies unique, how they achieved billion-dollar status, and why they’re important to watch in today’s market. Cerebras Systems Inc. Overview Founded in 2016, Cerebras Systems Inc. is […]
This Week in the Index- Acquisitions Everywhere
Week of October 2 – October 8, 2025 Quick Summary Welcome back to This Week in the Index, where we’ll give a brief overview of what happened this week among Prime Unicorn Index components. Primaries were quiet (one merger), secondaries rose (xAI, Cohesity), and publics rallied, led by Figma and Circle. Index +3.8% WoW. Primary […]