Harvard's 107 Private Unicorns Worth $393B

Welcome back to Phoenix Fund Research! This week, I'm thrilled to share something special—after nearly four months and hundreds of hours of work, I've finally completed an analysis on the educational backgrounds of all 1,249 private unicorns, as identified by CB Insights and my ongoing research.

As always, thank you for following along. Your feedback, engagement, and sharing of Phoenix Fund Research means a lot to me. Together, we can continue to give Harvard the recognition it deserves as an entrepreneurial ecosystem. Let's dive in.

Harvard's 107 Private Unicorns Worth $393B 🚀

Yep—that's right. Harvard alumni, specifically Harvard College and Harvard Business School alumni, are behind a long list of incredible companies that are valued over $1B in private markets, including: Stripe, Rippling, Ramp, WHOOP, Devoted Health, Bloomreach, Upgrade, Shield AI, Devoted Health, and more.

Fun Facts About Harvard's Private Unicorns 🦄

• •1 in 12 of all private unicorns have at least 1 Harvard founder
• •~13% of the value of all private unicorns is from Harvard-founded startups
• •37 (35%) are in the top 500 of most valuable private unicorns
• •~64% of Harvard's private unicorn value was created by Harvard College alumni
• •~55% of Harvard's private unicorns were founded by HBS alumni