Unicorn (finance)

In business, a unicorn is a startup company valued at over US$1 billion which is privately owned and not listed on a share market.: 1270  The term was first published in 2013, coined by venture capitalist Aileen Lee, choosing the mythical animal to represent the statistical rarity of such successful ventures.

For mythical horse-like creature, see Unicorn.
For other uses, see Unicorn (disambiguation).

CB Insights identified 1,170 unicorns worldwide as of June 2022. Unicorns with over $10 billion in valuation have been designated as "decacorn" companies. For private companies valued over $100 billion, the terms "centicorn" and "hectocorn" have been used.

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