A startup company that is valued at over $1 billion.
It's a mythical horse like animal known for it's prominent horn protruding from it's head.
However, in the business world, the term "unicorn" is used to refer to a private company that has achieved a valuation of $1 billion or more. These companies are considered to be rare and highly successful, and are often seen as exemplars of innovation and rapid growth.
The term "unicorn" was first coined in 2013 by venture capitalist Aileen Lee, who used it to describe the small number of startups that had achieved valuations of $1 billion or more within their first few years of existence. Since then, the term has become widely used to refer to any private company that has achieved this level of valuation.
Unicorns are often considered to be highly sought-after investments, as they have the potential to generate significant returns for their investors. However, achieving unicorn status is not easy, as it requires a combination of innovative products or services, strong market demand, and successful execution of a business plan.
Overall, the term "unicorn" is used to refer to private companies that have achieved exceptional levels of success and are seen as trailblazers in their respective industries.