/Unicorn

Unicorn

A unicorn is a privately-held company that investors have valued at over $1 billion U.S. dollars (USD). Venture capital and seed investor, Aileen Lee, coined the term in 2013 when she found that investors only accredited 0.07 percent of venture-backed companies with valuations of over $1 billion USD. Dow Jones counts 157 unicorns as of May 2017.