IDAHO – A recent report reveals Idaho as the top state for a startup to achieve billion-dollar “unicorn status”, a term referring to companies valued at $1 billion or more.
Stanford Professor Ilya Strebulaev analyzed decades of venture-capital data and found that Idaho offers a VC-backed startup twice the national average odds of reaching unicorn status.
Utah ranks second, followed by New York and California.
Strebulaev noted that Idaho may not produce many startups, but the ones it does often succeed.
The state is already home to several unicorns, including Cradlepoint, Tackle.io and Clearwater Analytics.
