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Health is our greatest treasure and with incredible specialists.
The following is a short list:
Dr. William A. Abdu, M.D, M.S.
Dr. Abdu is an Associate Professor of Orthopedics and of The Dartmouth Institute Medical Director at Dartmouth-Hitchcock Medical Center
Dr. Myles. B. Abbott, M.D.
Dr. Myles is also one of the best known doctor of Pediatrician in the world.
Fouad M. Abbas, M.D, Division Chief of Obstetrics and Gynecologyhttp://www.lifebridgehealth.org/Main/LifeBridgeHealthPhysicianDirectory/Abbas-Fouad-M-MD-461.aspx Fouad M. Abbas, M.D. is the division chief of Obstetrics an...
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When Aileen Lee originally coined the term "unicorn" in late 2013, she was describing the 39 "U.S.-based software companies started since 2003 and valued at over $1 billion by public or private market investors."
Flashback: It got redefined in early 2015 by yours truly and Erin Griffith, in a cover story for Fortune, as any privately-held startup valued at $1 billion or more. At the time, we counted 80 of them.
- Ours was the definition that stuck. And, last week, the number of such companies topped 800, per CB Insights, with a cumulative valuation of around $2.6 trillion.
Why it matters: With apologies to Justin Timberlake Parker, $1 billion just isn't that cool anymore. It's not rare if there are over 800 of them, and certainly not mythical.
- Plus, there's been a flurry of startups whose valuations have been inflated by investment dollars. Isn't it more impressive to be worth $500 million on $50 million of venture capital than $1 billion on $500 million of venture capital?
We need a new word: Dragons.
- Dragons are much bigger, stronger and more awe-inspiring than unicorns. They destroy whatever's in their path, and their own destruction is viewed as catastrophic (at least if "GOT" is any guide).
- To qualify, a company must be valued at $12 billion or more, net of venture funding. Yes, it's a somewhat arbitrary figure. But it reflects the >10x "unicorn" growth since the Fortune piece, and the rapidly ascending private funding trajectory.
By the numbers: Currently, there would be 19 dragons. Of those, nine are based in the U.S.
- That's an even more exclusive club than Lee's original framing, although this is the sort of thing where less means more.
- The U.S. dragons are: Stripe, SpaceX, Instacart, Epic Games, Databricks, Rivian, Chime, Fanatics and Plaid.
The bottom line: Welcome to the age of dragons.