Many high-growth companies, or better known as gazelle companies, are making a move toward unicorn status. Since their growth is starting to exceed the value of $1 billion or more, many of these companies are looking toward this symbol as the next on their list of goals. While there are many companies who are already to unicorn status, there are a few that are well on their way to reaching this goal. Here are five companies or Gazelle’s Soon To Be Unicorns.
Grand Canyon Education
Grand Canyon Education is a company that specializes in educational services for a variety of schools, degrees, and levels of education. Their biggest campus is found in Arizona where the company is located. The company was founded in 2003, but they have been steadily growing throughout the years. In fact, they have a high revenue of $974 million right now, putting them close to the unicorn business goal. The industry of consumer services is steadily growing due to companies like Grand Canyon Education who provide campuses with educational services in both undergraduate and graduate degree programs.
Founded in 1999, SolarWinds is a company that helps develop various software options for system and network management for businesses. The company holds their headquarters in Texas, but they have offices in various parts of the country as well as other places around the world. Their products have been used for businesses of all sizes for many years, which has been a huge component of their rise in revenue. As of this year, SolarWinds has a total revenue of $504 million getting them ever closer to that coveted unicorn status.
A company that manufactures and distributes various products like water heat pumps, air conditioning products, and heating products. Their headquarters are located in Oklahoma, but they manufacture products for many southern states like Texas, Alabama, and Arkansas. They also produce various mining options for the industrial, agricultural, and mining markets. This company holds about $792 million right now, and they are on the rise, preparing to reach their goals as a unicorn business soon.
As one of the best low-cost traveling options in the United States, Allegiant Travel operates on both charter and scheduled flights. They have become the best ninth largest airline in the country since their creation in 1997. Their corporate headquarters are located in the heart of Summerlin, Nevada, which is just a suburb of the popular city Las Vegas. They recently hit the unicorn mark by making $1.36 billion in revenue, and many people still utilize Allegiant Travel for their commercial traveling needs.
This company, which has also recently hit unicorn status, is a maker of fiber amplifiers and fiber lasers. They have been developing various optical fiber laser options since their conception in 1990. Their headquarters are located in Oxford, Massachusetts, and their recent move over the $1 billion mark has set them apart from other companies like this. They specialize in materials, medical applications, and even telecommunications. They also have several facilities within the United States and in countries outside of the U.S. like Russia, Italy, and Germany. IPG Photonics is one of the more popular companies in the Photonics industry.
Popular Unicorn Companies
There are several companies out there that are well past unicorn status and are about to hit the next levels, decacorn status ($10 billion) and hectocorn status ($100 billion). Some of the most popular unicorn companies that have just hit the mark as of March 2018 are companies like Uber, Airbnb, Pinterest, and Dropbox. However, these are recent changes in their revenue growth. There are still more companies that are reaching this mark in the business world due to thinks like a fast-growing strategy, an increase in the private capital, or company buyouts. There are several that are pushing past the million limits to find that unicorn goal reached.
Reasons to Go Global
If you have a startup company with a unicorn type goal, going global could mean the difference between staying in the million dollar zone or hitting your goal. Going global can help expand your overall market, help ease the technology and technological advances, help create a brand, and even provide access to better and cheaper materials and labor. Going global with the company also provides more stability for the company the employees, but it also helps give a continual production to the company as they try to expand to new places. Going global along with the expansion can boost revenue, especially when opening the market to different parts of the world. Many of the companies mentioned in the above information have gone global, which has helped put them on the path toward that $1 billion mark and the unicorn business status.
There are many businesses in the world that are steadily growing as the economy rises. The businesses that reach their total revenue of $1 billion are what the business world calls unicorn businesses. These businesses are steadily growing, and there are many who are about to take that last step over the line to reach unicorn status. The startup companies, or gazelle companies, that are in this article have just now reached that goal or are close to the final goal. When it comes to Gazelle’s Soon To Be Unicorns, you can see how hard work and business practices can pay off in the long run.