What is a Unicorn Company?

1K Blog Marathon: Day 65

Unicorn, a legendary creature that looks like a white horse with a single (uni) horn on its head. This is a mythical creature that symbolizes magic. Who would have thought that this cute creature would be a depicting character in the business world?

So, Why Unicorn, and Why in Business?

Unicorn is a term used in business world pertaining to a private company with value of over $1 Billion. Yes, I billion dollars! It was used by Aileen Lee in 2013 to represent a successful venture of a business. Now, I don’t see Unicorn the same way before.

Many companies, especially the startups, were shooting to be a unicorn. Most of them were located in the heart of the technology, the Silicon Valley in Palo Alto, California. Companies that started from a garage, backyard, and even from a meet up – when founded, followed by investors, a strong MVP – then another soon to be unicorn will be created!

Please take note that a unicorn company is a “private” company, which means you can’t find it on the stock market. When a company opens up in public, in their IPO (Initial Public Offering), they will not be valid to be a unicorn.

But not all companies created from garage will become a unicorn. A real unicorn company is a very rare one. It may look like an underdog at first, then with some pixie dust it will sky rocket to a billion, thus a new unicorn was born.

Other species of Unicorn

When a unicorn company grew larger that it reaches $10 Billion, a new variant of unicorn will be born – called a Decacorn.

But, if the universe conspire and throw all the money in the world to this company, to the point that it reaches over $100 Billion, then we will call it a Hectocorn. Sounds crazy right?

Most Popular Unicorns

  1. Revolution Precrafted
  2. Supreme
  3. ZipRecruiter
  4. Payoneer
  5. Lalamove
  6. Grammarly
  7. Dream11
  8. Coursera

Most Popular Decacorns

  1. UiPath
  2. SpaceX
  3. Stripe
  4. Palantir Technologies
  5. Ripple
  6. Oyo Rooms
  7. BY JU’S
  8. Epic Games
  9. DoorDash
  10. Airbnb

Most Popular Hectocorns

  1. Toutiao (Bytedance)
  2. Ant Financial

Being in the business world needs a lot of learning and experience. How about you? I bet you wanted to be in the list of Hectocorns! ^_^ Thank you and have a good day!

“And that’s one blog, stay hungry!”

“Be a Unicorn in a Field Full of Horses”

Anonymous

Sources:

https://en.wikipedia.org/wiki/Unicorn_(finance)

https://www.cbinsights.com/research-unicorn-companies

Published by Christian Foster

Code-blooded, coffee-lover, tall, dark and chubby. I love to draw, has motion-sickness and a sleepy-head. BTW, graduate of BS Computer Science, Associate in Computer Science and certified UiPath RPA Developer. Loyal to my partner and a father of a cute bouncing baby daughter!

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