Feb 11, 2017 06:01 AM EST
Stanford University Teaches You How To Create A 'Unicorn', The Start-Ups That Make Millionaires
For those who are dreaming of establishing their own startups and turn them into a million-dollar enterprise like Uber and Snapchat, should consider going to Stanford University to increase their chances.
A recent study titled 'Unicorn League' revealed that Stanford University produced more graduates that established the most successful startups or 'unicorns.' For a company to be considered a unicorn, it should have more than $1 billion valuations.
According to the study, Stanford has a total of 51, which includes Allen Blue, Eric Ly, and Konstantin Guericke of LinkedIn. Other unicorn founders from Stanford are Avery Wang and Dhiraj Mukherjee of Shazam, and Brian Acton of WhatsApp.
Aside from identifying the universities that produce the most unicorns, the Sage study also revealed that most of these startup founders are male, specifically 94 percent as opposed to female unicorn founders which comprise only 6 percent.
The study also showed that most of these companies had been established for four years before reaching unicorn status. Three companies - Pivotal, Hulu, and UCAR - reached unicorn status in less than a year.
Next to Stanford in producing unicorn founders is Harvard University with 37 including Facebook's Mark Zuckerberg and Eduardo Saverin, Hulu's Jason Kilar, Zynga's Mark Pincus, and Airbnb's Nathan Blecharczyk.
On the other hand, the University of California produced 18 unicorn founders who include Travis Kalanick of Uber, Nicholas Woodman of GoPro, and Logan Green of Lyft.
On the fourth spot of unicorn producers is the Indian Institute of Technology (IIT) which produced the likes of Abay Singhal of InMobi, and Sachin Bansal and Binay Bansal of Flipkart.
After that is MIT with a total of unicorn startup founders including Arash Fedrowski and Drew Houston of Dropbox, and Jonah Peretti of BuzzFeed.
In terms of countries with the most unicorns, the United States leads with 144 successful startup companies. Following in second and third place are China with 47 and India with 10. Meanwhile, the UK has 9 unicorns and Germany has 6.
See Now: Facebook will use AI to detect users with suicidal thoughts and prevent suicide© 2017 University Herald, All rights reserved. Do not reproduce without permission.
Join the Conversation