Unicorn
What is a Unicorn?
A unicorn is a privately held startup company that has reached a valuation of over billion. The term signifies the rarity and value of such companies in the startup ecosystem. Unicorns are often seen in the technology sector and are typically companies that have shown rapid growth and significant market potential.
Factors Contributing to Unicorn Status
- High Growth Potential: Companies with innovative products or disruptive business models.
- Substantial Market Opportunity: Serving large and growing markets with significant unmet needs.
- Strong Investor Interest: Attracting significant investment from venture capital firms and institutional investors.