Unicorn (finance)

Delivery robot company Starship Technologies is an Estonian unicorn
Self-driving truck manufacturer Einride is a Swedish unicorn
Hypercar manufacturer and EV technology developer Rimac Automobili is a Croatian unicorn
Payment provider Adyen is a Dutch decacorn
Spacecraft manufacturer SpaceX is an American centicorn

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.[1]: 1270 [2] 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.[3][4][5][6]

CB Insights identified 1,170 unicorns worldwide as of June 2022.[7] Unicorns with over $10 billion in valuation have been designated as "decacorn" companies.[8] For private companies valued over $100 billion, the terms "centicorn" and "hectocorn" have been used.[9]

  1. ^ Hirst, Scott; Kastiel, Kobi (2019-05-01). "Corporate Governance by Index Exclusion". Boston University Law Review. 99 (3): 1229.
  2. ^ Cristea, Ioana A.; Cahan, Eli M.; Ioannidis, John P. A. (April 2019). "Stealth research: Lack of peer‐reviewed evidence from healthcare unicorns". European Journal of Clinical Investigation. 49 (4): e13072. doi:10.1111/eci.13072. ISSN 0014-2972. PMID 30690709.
  3. ^ Rodriguez, Salvador (September 3, 2015). "The Real Reason Everyone Calls Billion-Dollar Startups 'Unicorns'". International Business Times. IBT Media Inc. Retrieved January 3, 2017.
  4. ^ Lee, Aileen (2013). "Welcome To The Unicorn Club: Learning From Billion-Dollar Startups". TechCrunch. Retrieved 26 December 2015. 39 companies belong to what we call the 'Unicorn Club' (by our definition, U.S.-based software companies started since 2003 and valued at over $1 billion by public or private market investors)... about .07 percent of venture-backed consumer and enterprise software startups
  5. ^ Griffith, Erin & Primack, Dan (2015). "The Age of Unicorns". Fortune. Retrieved 26 December 2015. Subtitle: The billion-dollar tech startup was supposed to be the stuff of myth. Now they seem to be... everywhere.
  6. ^ Chohan, Usman (2016). "It's Hard to Hate a Unicorn, Until it Gores You". The Conversation. Retrieved 26 October 2016.
  7. ^ "The Complete List Of Unicorn Companies". CB Insights. Retrieved 2022-07-01.
  8. ^ "What Is A Decacorn? The Era Of Decacorn Companies". FourWeekMBA. 2019-01-25. Retrieved 2021-08-29.
  9. ^ Sheetz, Michael (2019-01-25). "Elon Musk's SpaceX hits $100 billion valuation after secondary share sale". CNBC. Retrieved 2022-07-01.

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