Posts Tagged ‘unicorn’
Aileen Lee: Unicorn Money Word
on Monday, August 20, 2018Aileen Lee Money Neologism – Unicorn: U.S.-based software companies started since 2003 and valued at over $1 billion by public or private market investors:
“Unicorn” — Aileen Lee
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In this context, “Unicorn” refers to a startup company that is valued at over $1 billion by private investors. The term was coined by venture capitalist Aileen Lee in 2013 to describe such highly valued private tech startups.
The “Unicorn” label emphasizes how rare it is for a private company to reach a $1 billion valuation without going public, since there are only a small number of them globally at any given time, similar to how unicorns are mythical, rare creatures.
Lee’s neologism was an effort to highlight and bring more attention to these enormously successful private startups that had achieved extremely high private market valuations.
Money Words – Finance Neologisms