What is a unicorn startup?
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A unicorn startup is a privately-held startup company with a valuation of over $1 billion. The term “unicorn” was coined by venture capitalist Aileen Lee in 2013 to describe the rarity of such high-valued startups, comparing them to the mythical creature. Unicorns are typically fast-growing companies that have attracted significant investment from venture capitalists and other investors. These companies often operate in the technology sector, including areas such as software, e-commerce, biotechnology, and fintech. Examples of well-known unicorn startups include Uber, Airbnb, SpaceX, and Stripe.
A unicorn startup is a privately held company that is valued at over $1billion, has not been acquired by a third party and has been in bussiness for less than 10 years.
The term was coined in 2013 by venture capitalist Aileen Lee.