California's Dominance in Unicorn Headquarters and Valuation

Analysis of US unicorn distribution reveals California's overwhelming concentration, with 63% of unicorn companies and 79% of unicorn market capitalization headquartered in the state. The author argues that current unicorn distribution patterns suggest California's share of major exit events should sustain or further concentrate. This data-driven analysis uses current unicorn valuations as a leading indicator for future M&A and IPO trends.