Number of new 1st and 2nd generation founders spun out from exited European unicorns, by unicorn founding decade and years since founding 2010s 2000s 10k 1990s 8k t u o n 6k u p s s r e d n u o f 4k f o # 2k 0 0 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 Years since $B+ company founding Notes: Sources: Powered by Based on founders attrib- utes and the date they indicated starting their company | 64