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Business
Unicorn
A privately held startup company valued at more than $1 billion.
Unicorns are the dream of every venture capitalist. Reaching unicorn status brings huge media attention and makes it easier to attract talent and further funding. However, many unicorns later struggle to justify their high valuations when they go public.
It's the mythical creature of the startup world — rare, extremely valuable, and everyone wants one.
Real world: Companies like SpaceX, Stripe, and ByteDance became unicorns while still private. The term was coined in 2013 when such high valuations were very unusual.
💡 Becoming a unicorn is every founder's dream — but staying one is even harder.