Unicorn company
Updated: 01/31/2019 by Computer Hope
Coined in 2013 by Aileen Lee, unicorn company is a startup company having a net value of over $1 billion. A unicorn company, also called a unicorn, is privately held.
Note
A unicorn with a valuation over $10 billion is called a decacorn. A unicorn with a valuation over $100 billion is called a hectocorn.
In 2013, when the "unicorn" term was first used, there were 39 companies that could be called unicorns. By March 2018, the number of unicorns increased to 279, with Uber being the most valuable unicorn at $69 billion.