a start-up company whose value has reached $1 billion or higher in a short space of time
In little over a year, the number of unicorns has jumped to 80.
Do you know of other companies that crossed the ‘unicorn’ line this year?
Submitted from: United Kingdom on 13/05/2015
Featured as a BuzzWord!
The new use of unicorn in reference to highly successful start-ups is the coinage of US venture capital investor Aileen Lee. The mythical creature was chosen as a metaphor because of it being something rare and a little bit magical – even just a few years ago, the concept of a fledgling business achieving this level of financial success would have been considered extremely unusual, if not impossible.