With this 12 months’s Forbes Subsequent Billion-Greenback Startups checklist, we’re on the lookout for fast-growing corporations with endurance.

Startup valuations have been slashed, corporations have been shedding staff and slicing prices and the collapse of Silicon Valley Financial institution has raised questions concerning the future. However for the perfect startups, a time of uncertainty and pullback could be the proper second to arrange store, develop new applied sciences, acquire clients and take market share.

For this 12 months’s Forbes Subsequent Billion-Greenback Startups checklist, we’re on the lookout for corporations with sturdy enterprise fashions and operations, in addition to sturdy progress. Now in its ninth 12 months, this Forbes checklist, produced in partnership with TrueBridge Capital Companions, showcases 25 progressive startups that we imagine have the perfect shot of turning into unicorns and profiles the entrepreneurs behind their success.

Previous lists have included DoorDash (2015), Opendoor (2016), Plaid (2017), Lemonade (2018), Duolingo (2019), Rippling (2020), Unbelievable Well being (2021) and R-Zero (2022). You’ll be able to see final 12 months’s checklist right here and the 2021 checklist right here.

Nominations are now open, and we’ll be accepting submissions by means of April 14, 2023. The checklist is slated to launch on-line in August and to look within the August/September problem of the journal.

Firms should be primarily based within the U.S. to qualify; we do not need a global model of this checklist. Additionally they should be privately held and venture-backed with valuations under $1 billion. Lastly, no repeats. When you’ve been on this checklist earlier than, you possibly can’t be on it once more.

Enterprise funding has been marked for years by a troubling lack of variety. Provided that backdrop, we hope this checklist will likely be as numerous as doable. When you’re a feminine founder, a Black or brown founder, an immigrant, a veteran, or somebody who lives and works removed from Silicon Valley, we particularly hope you’ll apply.

TrueBridge will run a quantitative evaluation of all corporations primarily based on monetary info within the nominations. Forbes reporters will likely be in contact with startups that make the primary reduce to interview founders and discuss additional.

We look ahead to listening to from you.