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This Tiger grand-cub was flat during Q2 but is ready for the return of volatility
Tiger Legatus Master Fund was up 0.1% net for the second quarter, compared to the MSCI World Index's 7.9% return and the S&P 500's 8.5% gain. For the first half of the year, Tiger Legatus is up 9%, while the MSCI World Index has gained 13.3%, and the S&P has returned 15.3%. Q2 2021 hedge Read More
Interested in finding out more about these businesses, Money.co.uk set out to find out which countries, and sectors, produce the start-ups that reach a $1 billion valuation fastest by analysing every unicorn company's start date and the date of its $1 billion valuation.
USA: The Fourth Best Country For Unicorn Start-Ups
Money.co.uk can reveal that the USA is the joint fourth best country in the world for unicorn start-ups. With 378 businesses currently valued at over $1 billion, it has taken Japan's unicorn businesses an average of 6 years and 11 months to reach the valuation of $1 billion.
For more information about the USA's unicorn businesses, please see the spreadsheet in the Dropbox folder linked below titled 'Money.co.uk Unicorn Businesses – Countries'.
Countries Overview:
| | Country | Total number of unicorn companies | Average years taken to reach $1B |
| #1 | China | 155 | 5 years, 10 months |
| #2 | Hong Kong | 5 | 6 years, 1 month |
| #3 | Japan | 6 | 6 years, 3 months |
| =#4 | USA | 378 | 6 years, 11 months |
| =#4 | Singapore | 6 | 6 years, 11 months |
| =#4 | Australia | 6 | 6 years, 11 months |
| #7 | Israel | 17 | 7 years, 3 months |
| #8 | France | 16 | 8 years, 3 months |
| #9 | UK | 31 | 8 years, 7 months |
| #10 | India | 34 | 8 years, 9 months |
| #11 | Brazil | 12 | 8 years, 10 months |
| #12 | Canada | 12 | 10 years, 9 months |
| #13 | South Korea | 10 | 10 years, 10 months |
| #14 | Germany | 16 | 11 years, 5 months |
| #15 | Switzerland | 5 | 14 years, 11 months |
China Leads The World Of Unicorn Start-Ups
The country that produces the start-ups which reach a $1 billion valuation fastest is China , with its 155 unicorn companies taking an average of just 5 years and 10 months to reach $1 billion.
The second fastest country for unicorn businesses to reach $1 billion is Hong Kong , whose businesses take an average of 6 years and 1 month , followed by Japan's which take an average of 6 years and 3 months .
Fourth spot is taken by the USA , Singapore , and Australia , whose unicorn companies all took an average of 6 years and 11 months to reach $1 billion.
The country that produces the most unicorn businesses is the USA (378 businesses), followed by China (155), and India (34).
Sectors Overview:
| | Sector | Total number of unicorn companies | Average years taken to reach $1B |
| #1 | Auto & Transportation | 31 | 4 years, 5 months |
| #2 | Artificial Intelligence | 62 | 5 years, 6 months |
| #3 | Hardware | 27 | 5 years, 7 months |
| =#4 | Mobile & Telecommunications | 35 | 6 years, 4 months |
| =#4 | E-Commerce & Direct-to-Consumer | 82 | 6 years, 4 months |
| =#6 | Supply Chain, Logistics & Delivery | 42 | 6 years, 11 months |
| =#6 | Cybersecurity | 30 | 6 years, 11 months |
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