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Global unicorn club. Verily patent. Blockchain applications.
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Get in my biz hole

Hi there,

I got some bad news.

If your doc is older, your chances of dying are higher.

I'm sorry.




All the unicorns

We updated our market map of global unicorn companies valued at $1B+ and mapped them according to the primary markets in which they operate. A total of 21 companies became unicorns this year.





That cool premium - part I

Last week, there were rumors Target had been in discussions with mattress company Casper to acquire them for $1B. Those discussions broke off and now, according to Jason Del Rey of Recode, Target will be an investor in Casper's new round (see The Blurb).

This $1B offer highlights the "cool premium" that companies can get given the zeitgeist for all things millennial. There will be staggering amounts of shareholder money that will be thrown at millennial-first companies in the coming years as legacy incumbents chase cool (BTW, as I typed "millennial-first companies," part of me died).

What's interesting in this case is that by objective business metrics, Casper is a fundamentally inferior company to two of its competitors - Tuft & Needle (T&N) and Saatva.

When we polled folks a couple of months ago about which of these 3 companies they'd want to be the founder of, the response was overwhelmingly not Casper, with 89% preferring T&N or Saatva. The results of the poll are below. Casper is company 1, T&N is 2, and Saatva is 3.



I know some of you who have really bought into the startup industrial complex will argue that "objective business metrics" shouldn't be used here.

Yes I know - this time is different.



Wrist-worn cancer detection?

Using our patents search engine, we unearthed a newly granted Verily patent. The patent is for a diagnosis system centered on a wrist-mounted device for detecting any number of medical conditions including hormone imbalances, infections, and even cancer.



Sea lion feeding

Our opening reception for The Future of Fintech will be at NYC's iconic Central Park Zoo. This place is amazing.



We've just added a sea lion feeding and opened the penguin exhibit for the night. So in addition to your business cards, make sure you have plenty of room on your phone to take pictures.

We'll kick off the next morning bright and early with the CEO of insurance unicorn Oscar and our keynote on the trends to watch in fintech (as well as the most overhyped areas of fintech). See the full agenda here.

Use the code nyclife to get $1500 off today. Just go here.


That cool premium - part II

Last week, Twitter co-founder Biz Stone announced his return to Twitter. The company's stock price jumped on May 16th, the date of the announcement as the chart below highlights. 



The one-day cool premium went away subsequently as the vagueness of Biz's objectives upon returning sunk in. These responsibilities, as the passage below highlights, include:

  • Guiding company culture
  • Filling the Biz hole he left
  • Just being Biz Stone




Twitter is such a strange company.


More on unicorns

We look at China-based unicorns backed by four of China's largest internet giants - Baidu, Alibaba, Tencent, and JD.com (BATJ). Of the four, Tencent has backed the highest number of China-based unicorns at 15.





Banking is only the start

Banking and payments aren't the only industries that could be affected by blockchain tech. We've updated our post on the industries that could create new use cases for blockchain tech. Law enforcement, gun ownership, and ride hailing are among them.





Industry Standard

CB Insights data is the most trusted by those in the industry and the media. A few recent hits.

Bloomberg. Ruth David (@ruthsdavid) writes about Auto1 Group's latest round of financing and new valuation and cites CB Insights funding data.

Silicon Valley Business Journal. Luke Stangel (@luke_stangel) on Eat Club's latest $30M round of funding with a mention of CB Insights investment data.

Entrepreneur. A piece on corporate venture capital with a mention of CB Insights data on active corporate VC funds.


Happy Monday.

I love you.

Anand
@asanwal

P.S. Fun fact - the fintech unicorns at The Future of Fintech are worth a combined $36.6B. Come hear how their CEOs/founders are upending financial services. 

New at CB Insights
Stay up-to-date on reports, webinars, events, and more.
  • Tomorrow, we'll be diving into investment trends in the wealth tech space. Join us for the briefing.
  • The 31 most disruptive technologies? Read all about them right here.
  • Last week, we discussed corporates in blockchain. In case you missed it, here's the presentation.

The world’s 196 unicorn companies in one infographic

Our market map showcases the thirteen most populated markets comprised of private companies valued at $1B+. See the market map.
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Verily patent points to non-invasive diagnostics system

The CB Insights Cruncher picked up Verily's newest patent, which highlights a wearable, non-invasive diagnostic test and health monitor. Read about it.
Tweet this
 

Nearly half of China’s unicorns are backed by Baidu, Alibaba, Tencent, or JD.com

China unicorns backed by more than one of the four include Ele.me, Didi Chuxing, and Zhong An Insurance, among others. See the data.
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27 big industries where blockchain could be used

Banking and payments aren't the only industries that could be affected by blockchain tech. Law enforcement, ride hailing, and charity also could be transformed. See the list.
Tweet this

The Blurb

A curated mix of articles on private companies, venture capital, emerging industries, and innovation.

Target's mattress moves. Target looked at buying the mattress startup Casper for $1 billion but will invest instead.
Recode


Observational study. Research on physician age and outcomes in elderly patients in hospitals in the US.
BMJ


Venture capital doesn't scale...Until it does. Chamath Palihapitiya (@chamath) says to scale venture capital, you must build two important engines.
Social Capital

Start up on the right foot. Peter Kazanjy (@Kazanjy) on steps to take in order to build a robust customer advisory board.
True Ventures

AI investment framework. David Kelnar (@davidkelnar) provides 17 success factors for the age of AI.
Medium

Nintendo shouldn't be running Nintendo. M.G. Siegler (@mgsiegler) describes the discontinuation of the NES Classic device as an "absolutely insane death."
500ish Words
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