Time to polish the crystal ball. There are more than 50,000 venture-backed startups in the U.S., and only the tiniest fraction of them will ever reach a billion-dollar valuation. For the ninth year in a row, Forbes has teamed with TrueBridge Capital Partners to search for the 25 most likely to pass that mark. Our track record is superb: Of the list’s 200 alumni, 120 have become unicorns, including DoorDash, Benchling, Duolingo and Rippling; another 27 were acquired, while three went public for less than $1 billion. Only five imploded or shut down, although at least 21 of our alumni that previously surpassed $1 billion are now worth less than that. Given banking troubles, layoffs, skittish investors and compressed valuations, it has been a tough year to pick winners. But from more than 200 nominations, we think these 25, presented in alphabetical order, have the best chance of becoming stars. Read the full story on Forbes: Subscribe to FORBES: null Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more: https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript Stay Connected Forbes newsletters: https://newsletters.editorial.forbes.com/ Forbes on Facebook: http://fb.com/forbes Forbes Video on Twitter: http://www.twitter.com/forbes Forbes Video on Instagram: http://instagram.com/forbes More From Forbes: http://forbes.com/ Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.