noun
General Slang
Unicorn
· noun · finance
A private startup valued over $1 billion.
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Definitions
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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.”
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Unicorn In A Sentence
Series C closed at a 1.2B post, technically a unicorn but the round was flat.
Origin & Usage
Coined in 2013 by venture capitalist Aileen Lee in a TechCrunch piece titled 'Welcome To The Unicorn Club'.
Variants
unicorns
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