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How come Valve isn't on the list?

Valve has never taking funding[0] - which is how the Unicorns got their valuation: they were funded at a particular value (eg in AirBNB's April 2014 round they took $475M at $10B valuation[1]).

[0] "Valve is self-funded.We haven’t ever brought in outside financing." pg 3, http://www.valvesoftware.com/company/Valve_Handbook_LowRes.p...

[1] https://www.crunchbase.com/organization/airbnb/funding-round...

Interesting. So that means Gabe Newell owns essentially all the stock?

Probably because they have zero intent to IPO, where unicorns do.

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