General
unicorn
What does unicorn mean?
Private company with a valuation north of one billion dollars. Used to be rare enough to deserve the mythical-beast label; now there are over a thousand globally so the magic's worn thin. Decacorn is $10B, hectocorn is $100B.
"Series C closed at a 1.2B post, technically a unicorn but the round was flat."
Origin
Coined in 2013 by venture capitalist Aileen Lee in a TechCrunch piece titled 'Welcome To The Unicorn Club'.
Frequently asked questions
What does unicorn mean in business?
It's a private startup company valued at over $1 billion.
How do you use unicorn in a sentence?
"They just raised a huge round and officially became a unicorn."
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