Unicorn (finance)
A Unicorn is a start-up company valued at over $1 billion.[1][2] Canadian tech unicorns are known as narwhals.[3] A decacorn is a word used for those companies over $10 billion,[4] while hectocorn is the appropriate term for such a company valued over $100 billion. According to VentureBeat, there were 229 unicorns as of January 2016[update].[5] The largest unicorns included Uber, Xiaomi, Airbnb, Palantir, Snapchat, Dropbox and Pinterest.[6] As of October 2015, Uber was valued by Fortune at US$51 billion.[4][7]
Bill Gurley, a partner at Benchmark predicted in March 2015 and earlier that the rapid increase in the number of unicorns may presage what he has termed a "risk bubble" that will eventually burst, leaving in its wake what he terms dead unicorns.[7][8][9]
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