The number of billion-dollar startups has finally plateaued

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When the US markets turned in August, some venture capitalists foresaw a bloodbath of unicorns—i.e. startups valued at $1 billion or more.

It hasn’t been quite so dramatic (yet), but the number of billion-dollar startups does appear to have plateaued in the third quarter, based on data from CB Insights. This follows a record-breaking quarter of venture-backed companies getting valuations of 10 or more figures (peak unicorn).

Still, 58 companies—23 of them in the last quarter—have accumulated billion-dollar valuations so far this year, already eclipsing the entirety of 2014, when 38 did so, according to CB Insights.