The phrase "unicorn startup" refers to a privately owned company that has quickly grown to reach a billion-dollar valuation. It is a rare and exceptional type of startup, similar to the mythical creature, unicorn. Full definition
In 2015, it raised $ 135 million in a Series E funding round and entered the echelon of unicorn startups with a valuation of $ 1 billion and more. (technowize.com)
She says too many of today's young aspiring entrepreneurs are fixated on founding unicorn startups, focusing on the handful of fabulously successful examples rather than the many, many more that don't make it. (canadianbusiness.com)
Unicorn startup Twilio's recent IPO is for these companies a «light at the end of the tunnel,» according to the report. (inc.com)