Q1 2022 Overview Report

**Correction: After further review and consulting with Phenom, the company has maintained a valuation of over $1 billion, and the article has been updated to

̶ New Prime 30 Unicorn Index Tracks the 30 Highest Valued Companies in the Prime Unicorn Composite Index, the Standard Bearer for Private Market Benchmarking

Introduction Recent trends in venture capital reveal a stark transformation in exit strategies. The dramatic reduction of US venture IPOs, coupled with the decrease in