It doesn’t take a lifetime to build a super-valuable company. As this list shows, it’s possible to go from zero to $16 billion in valuation in under five years.
Business Insider analyzed Pitchbook data to find the startups based in the US who reached the $1 billion mark in that timeframe – in other words, the youngest crop of the “unicorn” companies.
Here are the 17 privately held startups that have created businesses worth more than a billion dollars in the past five years.
Gusto: $1.07 billion
- Business Insider/Julie Bort
Founded in November 2011, Gusto is a cloud-based payroll system, formerly known as ZenPayroll.
Uptake Technologies: $1.10 billion
- Getty Images/Bloomberg
Former Groupon founder Brad Keywell started the secretive Chicago-based data-analytics startup in 2014.
Udacity: $1.10 billion
Udacity launched in February 2012 to provide free classes online. It has since teamed up with Georgia Tech to offer a master’s program through the online education portal.
Infinidat: $1.2 billion
- Thomson Reuters
Founded in 2011, the secretive young data-storage company, Infinidat, has raised more than $230 million in venture capital.
Jet: $1.4 billion
Jet is trying to take on Amazon’s e-commerce dominance. Founded in 2014, the site has officially been open for business since November 2015.
The Honest Company: $1.69 billion
- Madeline Stone / Business Insider
Jessica Alba cofounded The Honest Company in 2011 to create a line of eco-friendly and nontoxic baby products.
Human Longevity: $1.89 billion
- Nadine Rupp/Getty
Founded in 2013, the San Diego-based Human Longevity is working on building the largest comprehensive database of human genomic data to prolong healthy human life.
Instacart: $2 billion
After making a deal with Whole Foods, the grocery-delivery company Instacart (founded in 2012) is now worth $2 billion.
Blue Apron: $2 billion
- Blue Apron
Founded in 2012, the New York-based meal-kit delivery service is now worth $2 billion.
Avant: $2 billion
- Ramzi Dreessen/Avant
Founded in 2012, the Chicago-based online lending platform is one of many startups trying to overturn the consumer-loan market by approving loans faster than banks.
DraftKings: $2 billion
- Stephen Savoia/AP
Daily fantasy sports site DraftKings was founded in 2011 before launching to the public a year later. The daily fantasy sports model has come under increasing regulatory scrutiny during the past year however, and DraftKings and rival site FanDuel have had to shut down in New York.
Oscar: $2.7 billion
Founded in 2012, New York-based Oscar has spent the past four years trying to revolutionize health insurance.
Pivotal Software: $2.75 billion
Launched in 2013, Pivotal’s enterprise platform has attracted close to $760 million in venture capital.
Social Finance (SoFi): $3.58 billion
Social Finance (SoFi) was founded in September 2011 from students at Stanford who wanted to make getting low fix-rate loans easier for deserving students.
Slack: $3.8 billion
Slack barely makes it into the list. It was originally founded as Tiny Speck, a gaming company, in 2009. The game flopped, but its founder Stewart Butterfiled realized that the chat app they had built internally could be a big business. Slack launched into beta in 2013 and the company’s valuation has skyrocketed since.
Zenefits: $4.5 billion
Founded in 2012, Zenefits has raised close to $600 million in venture capital, bringing its valuation to $4.5 billion. Despite its rapid rise, the company has recently hit a rough patch with a CEO change, layoffs, and investigations into its business practices.
Snapchat: $16 billion
- AP/Jae C. Hong
The ephemeral messaging app will turn five in September.