Double unicorn capital definition
unicorn company (unicorn): A startup company that has achieved a valuation exceeding 1 billion. Unicorns can be considered the new dotcom startups, a term popularized in the late 90s and early 2000s. In today's business climate, a unicorn is a widely successful company that has attracted venture capital, after which the company is valuedA Unicorn can refer to a man or a woman and is often used to describe the perfect catch or perfect partner. A Unicorn is a mythical creature, someone amazing who is hard to catch or simply a very rare find. double unicorn capital definition
Unicorn (finance) The term was coined in 2013 by venture capitalist Aileen Lee, choosing the mythical animal to represent the statistical rarity of such successful ventures. A decacorn is a word used for those companies over 10 billion, while hectocorn is the appropriate term for such a company valued over 100 billion.