Glossary · Ecosystem labels
Unicorn
Startup slang for a private company valued at $1 billion or more. It is a headline label — not proof of a great business or a sure exit.
Related: Venture capital (VC) · Post-money valuation · Initial public offering (IPO)
A bit more nuance▾
- Paper valuations can fall; unicorns can become “undercorns.”
- Emerging-market unicorns are rarer in headlines but real in pockets.
Go deeper▾
Discussion questions▾
- Would you trade being a unicorn for better unit economics?
- What does the label change in how you hire or sell?
Educational reference only — not legal, tax, or investment advice. Terms vary by country and deal; ask a qualified professional when it matters.