Seattle's unicorn population decreased in 2023, with no new billion-dollar startups minted. Global unicorns have slowed down, but some Seattle companies may lead to new unicorns. Key trends of global unicorns include software, AI, and community. Nine new unicorns emerged in October, with a focus on cybersecurity and generative AI. Aileen Lee reflects on the term 'unicorn' and emphasizes capital efficiency. The last 10 years of the unicorn era saw significant growth and decline in the number of unicorns.

Seattle's Unicorn Evolution