2016/12/28

These Companies Worth Billions as “Unicorn” Only Took 5 Years

To build a super valuable company does not need to spend a lifetime. As companies in the list below, ranging from zero to $16 billion valuation just for 5 years.

Gusto
Founded: 2011
Valuation: $10.7 billion

Gusto
Josh Reeves

Gusto (formerly ZenPayroll) is a company that provides a cloud-based payroll, benefits, and workers' comp solution for businesses based in the United States. It handles payments to employees and contractors and also handles electronically the paperwork necessary to help client companies comply with tax, labor, and immigration laws.

    

Uptake Technologies
Founded: 2014
Valuation: $11 billion

Uptake Technologies
Uptake Technologies

Former Groupon founder Brad Keywell started the secretive Chicago-based data analytics startup in 2014. Already it's working with Caterpillar to be the analytics backbone of heavy industries like manufacturing, construction, rail, and more. Its sensors and data analysis should be able to help companies predict revenue and save money, according to Forbes.

Udacity
Founded: 2012
Valuation: $11 billion

Udacity
Sebastian Thrun

Udacity launched a free online course in February 2012, it has with the Georgia institute of technology, providing master degree classes via online education websites.

Cylance
Founded: 2012
Valuation: $1 billion

Cylance
Cylance

Cylance built a product that uses artificial intelligence to analyze a file you're about to open, determine if it's malware, and then stop it from executing — all in less than a second. It solves the problem of email phishing scams, which are still a favorite method of hackers, and has over 1,000 customers, it says.

Instacart
Founded: 2012
Valuation: $1.9 billion

Instacart
Instacart

Often dubbed "Uber for groceries," Instacart eliminates the need to ever set food in a grocery store. The service will deliver your full load of groceries, hand-picked by a personal shopper at local stores.
In 2016, the company deepened its relationship with Whole Foods after the grocery retailer invested in the company and signed a multi-year delivery contract.

Oscar
Founded: 2012
Valuation: $1.5 billion

Oscar
Oscar

Oscar founder Josh Kushner wants to transform the healthcare industry by creating a better user experience when it comes to health insurance. It launched publicly in 2013 to sell better insurance through Affordable Care Act marketplaces.

Yet, the election of Donald Trump could spell trouble for the highly-valued startup, even though Kushner's brother, Jared, is Trump's son-in-law. According to Bloomberg, it's still losing money as it looks to diversify away from Obamacare-only offerings — something Trump, a close family connection, seeks to repeal.

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