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
- Revolution Precrafted
Most Popular Decacorns
- Palantir Technologies
- Oyo Rooms
- BY JU’S
- Epic Games
Most Popular Hectocorns
- Toutiao (Bytedance)
- 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