The 13 best schools to find the next $1 billion ‘Unicorn’ startup

Unicorn burning man costume

You might think the most successful startups are born in garages (following the famous HP script), but a lot of the most innovative tech ideas were actually made in college dorm rooms.

Research firm Pitchbook determined which schools have created the most companies with a valuation over $US1 billion, the so-called “unicorn” companies, before going public. The firm looked at all the unicorn founders and tallied up which schools had produced the most billion dollar companies (whether the unicorns were actually created at the school or the founders created the companies after leaving the school).

See which schools breed the most unicorns:

[slideshow]
[slide
permalink=”/#13-university-of-madras-india-1″
title=”13) University of Madras (India)”
content=”Number of unicorns founded: 3

Top 3 companies: Bloom Energy, Globus Medical, Apttus

VC capital raised: $US1.13 billion”
image=”http://static.businessinsider.com/image/5612e7399dd7cc18008bf6e5″
source=”Flickr/nagarjun”
caption=””
credit_href=””
]
[slide
permalink=”/#12-university-of-southern-california-2″
title=”12) University of Southern California”
content=”Number of unicorns founded: 3

Top 3 companies: Box, Lookout, Instacart

VC capital raised: $US1.11 billion”
image=”http://static.businessinsider.com/image/5612e2b1bd86ef0f008bf5c9″
source=”Stephen Dunn/Getty”
caption=””
credit_href=””
]
[slide
permalink=”/#10-dartmouth-college-4″
title=”10) Dartmouth College”
content=”Number of unicorns founded: 4

Top 3 companies: Funding Circle, OnDeck, New Relic

VC capital raised: $US831 million”
image=”http://static.businessinsider.com/image/5612e127bd86ef17008bf4b5″
source=”Dartmouth/Facebook”
caption=””
credit_href=””
]
[slide
permalink=”/#9-brown-university-5″
title=”9) Brown University”
content=”Number of unicorns founded: 4

Top 3 companies: MongoDB, Funding Circle, JAND

VC capital raised: $US1.01 billion”
image=”http://static.businessinsider.com/image/5612e28cbd86ef0e008bf66b”
source=”Flickr/Liz West”
caption=””
credit_href=””
]
[slide
permalink=”/#8-university-of-waterloo-6″
title=”8) University of Waterloo”
content=”Number of unicorns founded: 4

Top 3 companies: Hangzhou Kuaidi Technology, ContextLogic, Instacart

VC capital raised: $US1.62 billion”
image=”http://static.businessinsider.com/image/5612e86c9dd7cc21008bf70d”
source=”Flickr/jasonparis”
caption=””
credit_href=””
]
[slide
permalink=”/#7-brigham-young-university-7″
title=”7) Brigham Young University”
content=”Number of unicorns founded: 4

Top 3 companies: Qualtrics, Pluralsight, Insidesales.com

VC capital raised: $US783 million”
image=”http://static.businessinsider.com/image/5612e3fd9dd7cc10008bf6ad”
source=”Facebook/IAFEngTech”
caption=””
credit_href=””
]
[slide
permalink=”/#5-mit-9″
title=”5) MIT”
content=”Number of unicorns founded: 5

Top 3 companies: Dropbox, A123 Systems, Oscar Health Insurance

VC capital raised: $US1.66 billion”
image=”http://static.businessinsider.com/image/5612e4899dd7cc22008bf76e”
source=”Flickr via Aranha”
caption=””
credit_href=””
]
[slide
permalink=”/#4-cornell-university-10″
title=”4) Cornell University”
content=”Number of unicorns founded: 5

Top 3 companies: Lyft, Moderna, Wayfair

VC capital raised: $US2.47 billion”
image=”http://static.businessinsider.com/image/5612e4de9dd7cc16008bf671″
source=”Cornell University College of Engineering/Facebook”
caption=””
credit_href=””
]
[slide
permalink=”/#3-uc-berkeley-11″
title=”3) UC Berkeley”
content=”Number of unicorns founded: 6

Top 3 companies: Cloudera, Calient Technologies, Machine Zone

VC capital raised: $US2.50 billion”
image=”http://static.businessinsider.com/image/5612e51a9dd7cc1d008bf74a”
source=”Elena Zhukova/UC Berkeley/Facebook”
caption=””
credit_href=””
]
[slide
permalink=”/#2-harvard-university-12″
title=”2) Harvard University”
content=”Number of unicorns founded: 9

Top 3 companies: Facebook, Cloudera, Zenefits

VC capital raised: $US5.2 billion”
image=”http://static.businessinsider.com/image/5612e595bd86ef16008bf724″
source=”Via Wikimedia Commons”
caption=””
credit_href=””
]
[/slideshow]