Henry Willis of Swift Fox in London describes what a unicorn is in the finance industry, and lists four of the top-performing unicorn companies of 2018 thus far.
2. START-UP COMPANIES
Despite these odds, there are still some that become highly profitable. Those select
few private companies that reach a valuation of more than $1 billion are known in the
industry as "unicorns". Uber, for example, is a unicorn. So is AirBnB. Both are hugely
successful, hugely popular companies that were formed as start-ups but soon grew
into large global corporations. Although these unicorns have not made quite the same
headway that Uber and AirBnB have yet, they are certainly on the rise, and you will
likely be hearing more about them as time progresses.
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3. The company Coinbase is an online platform in which you can buy
and sell cryptocurrencies. With the rise of literally hundreds of
different kinds of cryptocurrency types, Coinbase acts as an
intermediary between buyers and sellers. A big problem with
cryptocurrency is fraud. Thousands have been lead to invest in a
cryptocurrency from shady websites, never to see their money
again. Coinbase allows those who wish to enter the world of
cryptocurrency to do so in a controlled environment where all
companies have been screened prior to joining the platform.
[COINBASE]
HENRYWILLISFX.NET
4. Robinhood
One of the biggest deterrents of individuals investing
is that it is very expensive to do so when you can only
afford to purchase a few shares and are required to
pay the same transaction fee whether you buy one or
a thousand shares. Thanks to the trading platform
Robinhood, this is no longer an issue as all trades on
qualifying stocks and ETFs are commission free. This
is regardless of how many shares an investor chooses
to buy. This has led to some unprecedented growth
as more and more investors see the benefits of fee
free trading.
5. ZOOX
Zoox is a company that focuses on autonomous driving technologies. Consumers are
demanding that driverless cars come to market as quickly as possible. It is estimated by
scientists that a driverless car that is essentially a computer on wheels is far safer on the
road than a more traditional vehicle that is piloted by a human. Zoox is growing at a
staggering rate due to their ability to consistently deliver results thus justifying their
need to continue hiring at such an aggressive pace.
TOUTING THE HIGHEST NUMBER OF EMPLOYEE ADDITIONS ON THIS LIST,