Top 25 unicorn factories by conversion rate
Top 25 mafias with ≥5 unicorn alumni, ranked by conversion rate. Bar length = % of alumni startups that reached unicorn status. Label shows unicorns / alumni startups.
Dataset: 117 tech companies (“mafias”) whose alumni founded ≥3 unicorn startups ($1B+). “Alumni startups” = those that raised ≥$1M, all years. Source: Dealroom.co
