In a DEMO Traction presentation titled “It’s Definitely a Bubble. Maybe,” Anand Sanwal, founder and CEO of CB Insights (aspiring to be the “Bloomberg of private companies” in his words), talk about startup valuations, how fast the billion-dollar startup club is growing, and which startups might fill its ranks next. A the time of his presentation, there were 133 “Unicorns” (startups values at at least $1 billion) with a combined valuation of $492 billion, but Snawal notes that this represents less than 5% of the total worth of the shares listed on NASDAQ.