// SECTOR DOSSIER

payroll Unicorns

Every payroll unicorn we track — 3 private companies valued $1B or more, tiered by paper valuation. Combined balance sheet myth: $29B.

TIER 2 // PRIORITY TARGETS

The Decacorns $10B – $99B · 2

TIER 3 // STANDING HORDE

The Unicorn Herd $1B – $9.9B · 1