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The Information selected 50 companies that have the potential to be the most valuable businesses in their categories based on their current revenue, business model, and growth prospects. To build the list, our reporters consulted industry sources and gathered previously undisclosed financial information. We limited the list to startups that had raised less than $100 million in funding or began operations within the last three years. We excluded companies that are already “unicorns,” or worth more than $1 billion on paper.