unicorn startup
Rare corporate beast
A unicorn startup is a privately held company valued at one billion dollars or more.
The term captures both the rarity and the somewhat mythical nature of such valuations—like the creature, they were once thought barely to exist.
They're hoping their AI platform becomes the next unicorn startup.
The word unicorn alone now commonly carries this meaning in business contexts.
- billionOne thousand million
- valuationAssessment of monetary worth
- ventureRisky new undertaking
- term sheetPreliminary deal conditions document
- seed roundFirst outside investment stage
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