Media & Press Center

Black Unicorn Factory in the News

Explore independent media coverage, company announcements, interviews, videos, and social channels featuring Black Unicorn Factory and Follow Me For Equity.

Company news

Major announcements

These items were issued by Black Unicorn Factory and distributed through press-release networks.

EIN
EIN Presswire
January 4, 2025

BUF Announces $20.2 Billion Valuation

An announcement describing the company’s valuation and equity-crowdsourcing strategy.

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EIN
EIN Presswire
February 18, 2025

A New Model for Venture Capital and Economic Inclusion

BUF outlines its alternative approach to startup development and economic participation.

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EIN
EIN Presswire
February 18, 2025

Black Unicorn Factory: A New Chapter in Black History

A Black History Month announcement featuring the Follow Me For Equity participation model.

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EIN
EIN Presswire
April 21, 2025

$110 Million Stock-for-Stock Barter Deal

BUF announces a stock-for-stock transaction with BarterVentures.

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EIN
EIN Presswire
May 7, 2025

$500 Million in Equity Issuance to 150 Startups

BUF describes its use of alternative investment models and non-cash contributions to support more than 150 startups.

Read announcement →
FC
FinancialContent / AB Newswire
August 12, 2025

Independent $18 Billion Valuation and Pending Nasdaq Direct Listing

A syndicated company announcement focused on BUF’s valuation, shareholder community, and Follow Me For Equity platform.

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MN
MENAFN
February 18, 2025

New Model for Venture Capital and Economic Inclusion

A syndicated version of BUF’s announcement describing the accelerator, Follow Me For Equity, and its economic-inclusion mission.

Read syndicated coverage →
FT
Fintel
April 22, 2025

BUF BarterVentures Announcement Filed as Exhibit 99.1

A securities-information page reproducing BUF’s $110 million stock-for-stock announcement as an SEC filing exhibit.

View filing exhibit →
Watch & listen

Videos and conversations

Selected BUF and Follow Me For Equity videos preserved in the company notes.

YouTube
Follow Me For Equity

Anthony Anderson Talks About Investing Without Money

A video used to introduce the Follow Me For Equity concept and task-based participation.

Watch on YouTube →
YouTube
Black Unicorn Factory

How to Build a Billion-Dollar Business — Part 1

A BUF educational video focused on company building and enterprise growth.

Watch on YouTube →
YouTube
BUF event video

Black Unicorn Factory Stock Party

A video from a BUF stock-party event.

Watch on YouTube →
Research & recognition

Company profiles

These links are databases, market profiles, or industry lists—not independent news articles.

PB
PitchBook
Industry list

Top New U.S. Unicorns by Post-Money Valuation

A PitchBook industry article referenced in BUF’s notes.

View profile/list →
CB
CB Insights
Unicorn list

Complete List of Unicorn Companies

A market-research list containing private companies reported at unicorn valuations.

View list →
SA
Stock Analysis
Company profile

Black Unicorn Factory Company Profile

A third-party market profile located in the company notes.

View profile →
Independent valuation history

BUF valuation milestones

A dated record of valuation conclusions appearing in reports prepared for Black Unicorn Factory. The reports use different methods, inputs, and purposes, so the figures should be read as separate historical estimates rather than directly comparable market prices.

September 16, 2020
$1.381B
Estimated equity value

Experian / BizEquity automated valuation

The report presented an estimated equity value of $1,381,186,715 for Black Unicorn Factory Inc.

  • Asset-sale value: $1,135,665,505
  • Enterprise value: $1,156,186,715
  • Liquidation value: $224,988,250
Report limitation: The report describes the result as an automated estimate based on company-provided and public information. It states that the information was not audited, should be treated as a frame of reference rather than an official appraisal, and was intended for internal use.
March 9, 2021
$6.104B
Estimated equity value

BizEquity automated valuation

The report presented an estimated equity value of $6,103,802,008 for Black Unicorn Factory.

  • Asset-sale value: $5,170,154,467
  • Enterprise value: $5,828,802,608
  • Liquidation value: $475,493,115
Report limitation: BizEquity states that the estimate was generated from company-provided information, public data, and industry rules of thumb; it was not audited or independently confirmed and should not be treated as a final appraisal or used to obtain credit.
February 4, 2024
$6.014B
Pre-money asset-backed estimate

2024 valuation report

The report's asset-backed method concluded a pre-money valuation of $6,013,980,000 and a post-money valuation of $11,142,180,000.

  • Post-money asset-backed estimate: $11.142 billion
  • 20% discount for lack of control and liquidity
  • Separate earnings-based estimates: $24.51 million pre-money and $27.47 million post-money
Method distinction: The report contains materially different conclusions under its asset-backed and earnings-multiple approaches. It relies on management inputs and assumptions, was not an audit or assurance engagement, and states that it should not be relied upon as investment advice.
October 31, 2025
$21.07B
$272 per common share

Internal management valuation

The report estimated the gross, internally compounded value of Black Unicorn Factory on a minority, non-marketable basis.

  • Prepared by Transaction Capital LLC
  • 25% discount for lack of marketability applied
  • Included reciprocal Student Company cross-holdings at management's request
Report limitation: The report states that this figure is for internal analytical and management purposes only, includes circular cross-holding effects, and is not intended for tax, audit, financial-reporting, regulatory, investment-solicitation, or third-party reliance.
Valuation date: December 31, 2025 • Signed June 19, 2026
$292
per common share

Section 409A valuation

The 409A report concluded a fair market value of $292 per common share on a minority, non-marketable basis for equity-compensation and tax-compliance purposes.

  • Prepared by Transaction Capital LLC
  • $37.68 billion indicated equity value before marketability discount
  • 40% discount for lack of marketability applied
Purpose limitation: This is a private-company 409A fair-market-value conclusion for equity-compensation purposes. It is not a public trading price, an offer to sell securities, a forecast, or a guarantee of future value.
Read the ideas

Books by Johnny Stewart

Explore the ebook series behind Black Unicorn Factory’s thinking on wealth-building, alternative investing, equity crowdsourcing, and task-based equity.

Wealth Bridge ebook cover by Johnny Stewart
Book 1

Wealth Bridge

How the JOBS Act Will Bridge the Wealth Gap. A book focused on building practical bridges from financial exclusion toward wealth participation.

Buy the ebook on Amazon →
Snitch on the Rich ebook cover by Johnny Stewart
Book 2

Snitch on the Rich

The Biggest Investing Secret in 100 Years Has Been Revealed. A look at how wealthy investors build, protect, and multiply assets—and what everyday people can learn from those strategies.

Buy the ebook on Amazon →
Techquity ebook cover by Johnny Stewart
Book 3

Techquity

If You Can’t Beat ’Em, Own ’Em. A movement for workers to share in the value of the artificial-intelligence systems they help build.

Buy the ebook on Amazon →
Escrow Investing ebook cover by Johnny Stewart
Book 4

Escrow Investing

Investing in Milestones Instead of Promises. Volume One presents an escrow-based approach designed to connect investment releases to completed milestones.

Buy the ebook on Amazon →
Equity Crowdsourcing ebook cover by Johnny L. Stewart
Book 5

Equity Crowdsourcing

A New Model for Building Companies, Sharing Value, and Rewarding Contributions. The turnkey system that turns net workers into co-owners.

Buy the ebook on Amazon →
Taskvesting: How Global Gig Workers Earn Equity Through Work ebook cover by Johnny Stewart
Book 6

Taskvesting

How Global Gig Workers Earn Equity Through Work. A practical introduction to earning equity through qualifying work, services, and task-based participation.

Find the ebook on Amazon →
Stay connected

Follow the movement

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