A unicorn company is a privately held startup company with a valuation of over $1 billion.
In 2013, venture capitalist Aileen Lee coined the term, choosing the mythical animal to symbolize the rarity of such successful ventures.
As of August 2023, there are over 1,200 unicorn companies worldwide.
It is often attractive to investors because they have the potential to generate significant returns.
It plays an important role in the global economy. They are responsible for developing new technologies and services that can improve our lives.
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