Tech Unicorn in Utah?
Have you by chance driven past the point of the mountain coming from Utah County to Salt Lake County? There are a few billboard signs advertising a tech unicorn company coming to Utah. So this made me think, what in the world is a Tech Unicorn?
After researching, I found that a tech unicorn is a company that is privately owned and worth over $1 billion dollars. This is not easily achieved and because of that, it gets the label of a unicorn. This phrase was coined by Aileen Lee to express the rarity of this occurrence.
“Unicorn startups are highly respected in the business world, and rightfully so. To become a unicorn startup, a company needs to reach an investor valuation of $1 billion or more, and as of 2021, there are only 554 unicorns worldwide.” – Embroker.com
Utah Tech Unicorn?
So what is this company in Utah that has achieved such a high title? ClickUp is the company that is coming to Utah.
Seeing how in the US alone, there are over 32.5 million businesses. It really is a huge accomplishment to be at the top in the world in such a short amount of time.
Impact on Utah
What would that mean for Utah? Well, with a bunch of big tech companies coming to town like Facebook, Microsoft, Adobe, and ClickUp, it means more jobs for our cities. So if you are in college or looking for a new job, being in the tech industry is perfect for this area. Austin Craig from Tech Buzz stated, “the Milken Institute ranked the “Best-Performing Cities” in the country across a variety of economic and quality-of-life factors. Provo-Orem took the top spot, supplanting last year’s winner, San Francisco. Salt Lake and Ogden both joined the top ten list for larger cities, with Logan and St. George making the top ten for smaller cities. See TechBuzz coverage here.”
SMB in Utah
Now that we know what a tech unicorn is, we can safely assume that Utah has to be an awesome place to live for the tech world. For a company with such a prestigious title and wanting to come here is a great compliment to Utah and we welcome them. Not all tech companies are as big as these guys so TickTockTech can actually help secure the Small-Medium Size business or the work-at-home employees with their new merger with CyberGood Security.
I am sure that with all the tech companies that are here in Utah currently and all the students going to school, there is plenty of technology that could use some help. TickTockTech is a wonderful company that can help you fix your tech problems. They have a high rating on google and are expanding to help others. If you are ever needing help with your technology, TickTockTech comes out with a free estimate and no obligation. Try them out.