What is a unicorn company?
Any private company achieves the status of ‘unicorn’ when they bag a valuation of $1 billion from venture capital.
This term was coined by Aileen Lee, founder of Cowboy Ventures, in 2013.
This term was coined by Aileen Lee, founder of Cowboy Ventures, in 2013.
Here, she discovered that only 0.07% of the startups born in the 2000s hit the $1 billion milestone.
Seeing only 39 software companies achieving the status, a rarity in itself, she named them unicorns.
But “unicorn” is not the only term for startups with a particular valuation.
Apart from unicorns, you also have:
Decacorn
: A startup with a nearly $10 billion market cap.
Soonicorn: They aspire to and possess the ability to become a unicorn soon.
Minicorn: As the name suggests, these companies are in the nascent stage of becoming a unicorn. They hold a valuation of over $1 million.
Hectocorn: The most superior of all, also known as “super unicorns,” are companies with a valuation of over $100 billion.
Hectocorn: The most superior of all, also known as “super unicorns,” are companies with a valuation of over $100 billion.